UK exits recession as economy grows at higher rate than expected
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- čas přidán 18. 06. 2024
- It's official: the UK is no longer in recession. The figures out today show the economy grew by a higher rate than most economists expected - 0.6% in the first quarter of this year. (Subscribe: bit.ly/C4_News_Subscribe)
It was enough for the Prime Minister to claim that "things are starting to feel better", but Labour insist low growth is not cause for gratitude.
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I foresee a recession lasting 2-3 years, and if inflation continues to surge, the Federal Reserve will likely raise interest rates soon. Inflation is causing various issues worldwide, such as food shortages, scarcities of diesel and heating fuel, and significant spikes in housing prices, leading to a potential financial market crash. This global downturn could have long-lasting repercussions. Given the current inflation rate of approximately 9%, my main worry is how to optimize my savings and retirement fund, which has remained stagnant at around $300,000, yielding almost no gains for quite some time.
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I'm sure the idea of an invstment-Adviser might sound controversial to a few, but a new study by Motley-fool found out that demand for Financial-Advisers sky-rocketed by over 42% since the pandemic and based on firsthand encounter I can say for certain their skillsets are topnotch. I've accrued north of 580k within 16-months from an initially stagnant Portf0lio worth 85k.
Inflation is over 10% here in the UK, but as we know it's definitely way more than the Government would like to admit. My plan is to earn more passive income and ride this out, can your Investment-adviser assist?
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
I smell bullshit every time I hear Jeremy Hunt speak
When ever i hear anyone speak
The whole parliament stinks. Guy please!
All members of Parliament and Bank of England same
@chrisviking7807 they smell like what I have just flushed
Some say Hunt is thick as mince.
UK economy might be growing, but people's living standards are getting worse.
true
Productivity per person has gone up by 0.2% and that has been skewed towards the rich, the recession continues for most of us.
It's definitely not the end of the recession. I love it when rich people decide when times are tough or not.
Do you know what a recession means? It's very clearly defined
@@neurokith you don't have a clue
@@reallymakesyouthink What do you mean? I'm pretty sure I do know what a recession means and I very much understand being broke. Are you just assuming I'm rich? Idk why you think I'm clueless, I'd like to know why tbh
Tough=recession 👍
The UK is in recession if GDP falls for two successive three-month periods. Recession does not mean tough. Things are tough, but we're not in a recession.
What a pathological liar!!!😢😢😢
true
This is election talk😂
Rich poor divide ever growing. Tories looking after themselves and the elite.
End to recession? Have you bought groceries lately?
Or paid energy bills?
They’ve had 14 years!
I read about it. It's good news, but I wonder how it will affect our investment portfolios. Any thoughts?
Well, with the economy growing, there could be opportunities for higher returns, but it also means increased volatility in the market.
That's true. We might see some sectors performing better than others. It's essential to review our portfolios and make adjustments accordingly.
I think diversification will be key here. Investing in a variety of assets can help spread the risk and capture potential gains from different sectors.
You're not doing anything wrong; the problem is that you don't have the knowledge needed to succeed in a challenging market. Only highly qualified professionals who had to experience the 2008 financial crisis could hope to earn a high salary in these challenging conditions.
Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.
Weird how they turn on the "grow the economy" switch just in time for an election.
Couldn't you have flicked that switch 14 years earlier?
I live on minimum wage in London and I can assure Hunt is talking bs. We have a very hard life just to get by.... The healthcare is non existent, I had a thyroid problem and I had to go abroad to get it checked...
Minimum wage in London?? I feel for you. Hope your thyroid problem gets better too.
Get out of London or improve yourself
Wait. How is it getting harder and harder to get things through planning permission, yet it’s just as hard as it was when they started 15 years ago?
It could have gotten easier, then became harder?
Absolute B/S
And asking him if he can be honest is ridiculous, his head would explode if he tried to be!
😂😂😂 a few builders isn't convincing anyone. Stop it.
Recession over? For the rich maybe but they weren't exactly struggling were they? What about the rest of us?
Makes no difference to their fortunes.bye tories.
Recession is Uk's middle name.
The demise of England is inevitable. No promo commercial can try to claim otherwise.
Yup 🚗 house 💸 bills and lastly food £7 for 🍗 chip 🤦🏾♂️
According to a Kremlin bot?😂😂😂
BS!
People used to be able to buy a house and raise a family on one wage. Now you can barely do it with two wages. House prices are massively overpriced .
Feminism ie 2 workers per house doubled the amount banks would lend and increased the cost of housing.
Can someone explain to me the math and formula why high interest rate can make living cost cheaper?
Exit recession when interest rate is still at 6%……?
Hahahahahha…….
You must be dreaming……
More pain is coming.
End of recession ?
I wasn’t aware that the deep 1930’s esq depression was over….
What a Jeremy Hunt.
What an absolute load of bollox 😂😂😂😂😂
The high rate of inflation during the 2020s means that we're still much worse off.
France attracted more foreign investment than the UK!
true investments with the money not with the promises like in UK
They are just talking nonsense no body feels better off
Maybe the UK can switch to the Reichsmark, too?
Or the euro
Listen to my people Ukraine is in a war and the Houses are cheaper than in the UK now the UK is third world country
And better dental care
Houses are cheaper because Ukraine is alot poorer
Hunt is a clown and this is all Smoke and mirrors, the UK is clearly not of recession
In the end it will be a competition between prices, which can increase the most.
He will win the price that no one can pay anymore.
#
Look, mummy, a unicorn flying. It's 50% bigger than the one we saw last year!
Too much emphasis is put on GDP development, up or down. National debt, inflation, employment, standards of living vs. similar nations...
End of recession... as if
It's really positive to hear good news for a change! Here is hoping things will continue to improve from here on in
This time next year under skidmark Starmer, he won’t have a job!
The population is growing (due to mass immigration) and the GDP per person is dropping to amazingly low value. This is the news. The country is in a mess and the majority of citizens are becoming poorer.
Muslims needs houses get out from your house and give it for Muslims for free you can live on the streets
The decrease in gdp per person has nothing to do with Population growth.
@@Toodyslexicforyou If we had the current GDP and only half of the current population we would be both more productive as a nation and more prosperous. Is my understanding. Please correct me if I am looking at this wrong.
@Dont_Be_Ridiculous Yes, I agree. Perhaps the genie is out of the bottle, never to return.
@Dont_Be_RidiculousWe are 3rd most invested Country in the world
Tories: "We are standing slightly less firmly on your necks this week." Yawn.
Thumbnail bro be like a stock image of himself
Sounds very much like everywhere else.
Prospects improve even more once the Tories get thrown out & kept out for atleast a generation
My carrots grow faster. 50% of gdp is Gov spending 30% of that is debt spending.
Whiff of something smelly when Tories speak
As a business I can tell, since Sunak passed on tv yesterday saying that the UK economy is growing fast, all my worries and struggle for bills are now out. Long live the conservative.
So our economy grows quick, more than France,... we also comes from further down than France,...
So at one point we need to grow we can't carry on going down.
Well done tories.
But what about the 8 million immigrants that have come to the U.K. recently? We were told we need immigrants for economic growth. What utter lies
Fault of brexit why economy is doing better than it should.
I'm stinking rich
🤣🤣🤣🤣🤣seriously????
Do you really think people are so stupid???
Yes they are,brexit unfolding 😎🥰
What by the economy growing better than most western nations😂
You know it's just a small bump and it will be all doom and gloom in the long run
Yeah but take a look at the GDP per capita figures, no better than 2007.
And Bath still won't give me a week of Librium so i can quit drinking and go back to work!!!!!!!!!!!!!!!!!
#GeneralElectionNow
Ya, I don't believe that number. I think it's TOTAL BS.
that's good news
Top forklift driver 💪🏼
OECD has suggested the UK do worst out of the developed nation sin the coming 24 months. The Tories claim we will do the best. Who should we believe?
Well we are doing best so tories are right so far
Us had 1.6% gdp increases 2024
She's a far-left activist at the left-wing Channel 4, she's been there years,..very slanted and skewed line of questioning.
Awesome
Brexit benefit
His eyes are scary....
what a liar
LIED GE
Those houses look fab! More like that please 🙏
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I guess I was terribly wrong with regards to Annual expenditures and budgets en.wikipedia.org/wiki/Fiscal_year .... Still trying to understand the difference in times
or maybe I was right with regards to 1st and 6th April....It's the marathons kickstart