Recession watch: which nations' GDP is still going down?

Economies in the UK and US are still suffering, while France and Germany are growing again – and some countries have dodged the recession completely. Find out which is which.

GDP growth around the world: a pile of money Photograph: Simon Crisp/www.newsteam.co.uk

Hopes that the economic slump has bottomed out were boosted today when
Japan, the world’s second-largest economy, joined Germany and France in
pulling out of recession. By contrast, Britain remains mired in the downturn, although it too is expected to come out of recession soon. In the United States, the latest comments from the Federal Reserve are the clearest indication yet that the world’s largest economy may have turned the corner.

GDP is the reason for the optimism. But how has it changed. This is the latest data.

sourced from The Guardain

please press more to see chart

Filed under: Changing recession, news, Newspapers, recession, The Guardian, Update, business, downturn, GDP, going down, nations, news, recession, The Guardian, watch, world

Turnaround 'will not be simple'

The world has begun to recover from recession but the process will not be simple, the International Monetary Fund (IMF) has warned.

Serbia has been particularly hard hit by the global recession

The recession had “left deep scars, which will affect both supply and demand for many years to come” said IMF chief economist, Olivier Blanchard.

His comments came after Japan this week followed France and Germany is seeing their economies return to growth.

The IMF said in July the economy was “starting to pull out of recession”.

‘New shape’

In this latest report, Mr Blanchard predicted that global output may also remain lower than it had been before the crisis.

Countries must rebalance their economies to make it sustainable, Mr Blanchard said.

Economies dominated by consumption – such as the US – would have to focus more on exports, while Asia turned more to imports, he said.

He also said that dysfunctional financial systems in many advanced countries would need “a long time to find their new shape”.

Filed under: bbc, Changing recession, down turn, economic depression, news, recession, Update, bbc, business, downturn, economist, IMF, International Monetary Fund, news, recession, recover, world

Obiturtary of the high street and other companies – UPDATED

Please follow the link to see updated list of high street and companies that have gone in administration since January 2008

Obituary of the high street and other companies

Filed under: economic depression, Great Depression, recession, Recession starts Friday 23rd January, Unemployment, Update, administration, business, closing down, companies, downturn, economy, high street, recession, shopping, shops, Stores, Unemployment, woolworth, world

NEW blog in development

allaboutgrub

Hi all, I have been developing a new blog please come and visit it

allaboutgrub.wordpress.com

 - this blog is all about food, ingredients and where to buy good quality food from – add a marker to my allaboutgrub map to tell others about great places to eat out or places to buy great food from -

“go on share your food experiences with others” 

Filed under: Advert, Aldi, banking sector, bbc, blog, blogger, expansion, fresh, Get Involved, high street, homes, house price fall, housing, Iceland, Lidl, local produce, manufacturing, McDonalds, Morrisons, news, Newspapers, recession, Sainsbury's, sales soar, Stores, Strikes, supermarket, Tesco, The Guardian, The Independent, The Mirror, The Observer, The Sun, The Telegraph, The Times, Unemployment, Update, USA, Waitrose, Wild cat strikes, woolworth, basic, eating, eating out, eating well, food, free range, fresh, good quality, grub, helthy, ingredients, local, recession, Supermarkets, supply, support

Banks to get bonuses

bankAs the government / general public have bailed out the banks. It is proposed that the banks will pay bonuses. So not only have the banks been run badly, they have gambled with our money (and lost) and had massive financial support from you and me, know their want to give bonuses out. I think this is unacceptable, if a bank gives out any bonuses than the government should with hold any further funding for any bank.

But if its the lower payed bank workers that get the bonuses than good , but when the bonuses go higher up in the banking system. Bonuses should only be awarded for hard and good work, so why are bonuses proposed to people that have directly gambled with our money, been bailed out by the government. 

Maybe now is the time to only have one or two banks, one privaltyly owned and other goverment owned. I now where I’d put my money. 

 

 

Lloyds defends staff bonus plan

Lloyds insists it is right to offer financial

rewards to staff who hit targets

Lloyds insists it is right to offer financial rewards to staff who hit targets Lloyds Banking Group has defended plans to reward retail and commercial staff with bonuses, worth a reported £120m.

Its subsidiary HBOS – bought with government backing last year – is to record a loss of nearly £11bn, raising concerns it may need more state help.

But Lloyds, already 43% taxpayer-owned, said its employees deserved “financial recognition” for hitting targets.

Shadow business secretary Ken Clarke has accused ministers of overseeing a “shotgun marriage” of the two banks.

In most cases staff bonuses would amount to £1,000 or less for employees earning about £17,000 per year, the bank said. The report comes amid speculation that the government – which has already poured £17bn into the group – may be forced to take a majority stake in Lloyds, or even nationalise it.

read full article click here

Filed under: banking sector, Update, banking sector, banks, bonuses, britain, business, Goverment, high payed, Lloyds, lower payed, plans, staff

Please bare with me

Thank you all for visiting this site:

Due to the large content of this site, I will be rearranging it over the next few days

This site is now averaging 34 hits per day

Filed under: news, Update, average, averaging hits, bare with me, content, few days, hits, large, news, rearranging, Update