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It's Over (We're out of recession!)

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    #2
    How Soon Is Now
    Registered Users Posts: 13,109 ✭✭✭✭How Soon Is Now


    Great!! Just wonder what all of that means in English :p


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    #3
    Gone Drinking
    Registered Users Posts: 2,809 ✭✭✭Gone Drinking


    I blame the foreigners


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    #4
    SoWatchaWant
    Registered Users Posts: 1,213 ✭✭✭SoWatchaWant


    Yeah but that's going by GDP instead of GNP. My understanding of economics is limited, but that seems to me like finding different ways of classifying the statistics to make it seem best, ie. shining up **** and calling it gold.:)


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    #5
    Wazdakka
    Registered Users Posts: 4,467 ✭✭✭Wazdakka


    There should be a recession Forum.


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    #6
    fat__tony
    Registered Users Posts: 587 ✭✭✭fat__tony


    Lets celebrate. :rolleyes:


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    #7
    niceirishfella
    Closed Accounts Posts: 5,538 ✭✭✭niceirishfella


    Great, here comes property porn and overspending again.


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    #8
    Princess Consuela Bananahammock
    Registered Users Posts: 33,172 ✭✭✭✭Princess Consuela Bananahammock


    Gone Drinking wrote: »
    I blame the foreigners

    I know, God bless them

    Everything I don't like is either woke or fascist - possibly both - pick one.



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    #9
    How Soon Is Now
    Registered Users Posts: 13,109 ✭✭✭✭How Soon Is Now


    Maybe everyone gets there jobs back now and they raise the amount your payed on dole................................. :pac:


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    #10
    GLaDOS
    Moderators, Regional East Moderators Posts: 23,212 Mod ✭✭✭✭GLaDOS


    SoWatchaWant wrote: »
    shining up **** and calling it gold.:)
    ....so I should sell my shit?

    Cake, and grief counseling, will be available at the conclusion of the test



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    #11
    Kev_ps3
    Closed Accounts Posts: 3,604 ✭✭✭Kev_ps3


    At least its good news for once.


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    #12
    How Soon Is Now
    Registered Users Posts: 13,109 ✭✭✭✭How Soon Is Now


    I wonder has anyone told Brian Cowen yet ??


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    #13
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭seamus


    GNP drop of 1.4% is still promising as it indicates that the rate of drop has slowed dramatically.


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    #14
    SoWatchaWant
    Registered Users Posts: 1,213 ✭✭✭SoWatchaWant


    ScienceNerd wrote: »
    ....so I should sell my shit?

    Haha you can try. It worked for this newspaper.


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    #15
    thomond2006
    Registered Users Posts: 45,433 ✭✭✭✭thomond2006


    seamus wrote: »
    GNP drop of 1.4% is still promising as it indicates that the rate of drop has slowed dramatically.

    What?


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    #16
    star.chaser
    Closed Accounts Posts: 740 ✭✭✭star.chaser


    Hurray. Where's my MC Hammer record.


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    #17
    seamus
    Registered Users Posts: 68,317 ✭✭✭✭seamus


    thomond2006 wrote: »
    What?
    In the first two quarters of this year, GNP dropped by nearly 10%. In the third quarter, the drop was around one-quarter of what it was in each Q1 and Q2. This is a sharp fall in the rate that GNP is decreasing, and points to a possible increase in GNP from Q1 or Q2 next year.
    Gross domestic product (GDP) is defined as the "value of all final goods and services produced in a country in 1 year".

    Gross National Product (GNP) is defined as the market value of all goods and services produced in one year by labour and property supplied by the residents of a country.
    So basically when figuring out how much we "made" last year, GDP includes the earnings of foreign companies with facilities in Ireland. GNP only includes the earnings of Irish companies and Irish people.

    Since we are a small country with a lot of foreign investment, GDP is actually a better indicator of how much we're producing than GNP. However, a foreign company's profits usually end up going overseas, so GNP is a better indicator of how much we're producing and *keeping* within the country - i.e. investing back into the economy.


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    #18
    amacachi
    Closed Accounts Posts: 23,316 ✭✭✭✭amacachi


    €2.8 billion in exports in three months compared to a year earlier. I'm sure the Unions will decide it's time to benchmark the Public Sector to that figure.


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    #19
    Beasty
    Administrators, Social & Fun Moderators, Sports Moderators Posts: 75,719 Admin ✭✭✭✭✭Beasty


    And so this is Christmas, and what have we done?
    Another recession over, and a new one just begun .... (apologies to Mr Lennon)

    One quarter of apparant "stabilisation" does not get us out of the woods.


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    #20
    JustAddWater
    Closed Accounts Posts: 1,990 ✭✭✭JustAddWater


    https://www.youtube.com/watch?v=3GwjfUFyY6M


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    #21
    kraggy
    Closed Accounts Posts: 6,414 ✭✭✭kraggy


    How can GDP have shrank by 7.4% in the third quarter by have grown by 0/3%?

    Surely it's just that the rate of decrease in GDP has decreased and not that GDP has increased?

    Is it me or was that article badly written?


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    #22
    amacachi
    Closed Accounts Posts: 23,316 ✭✭✭✭amacachi


    kraggy wrote: »
    How can GDP have shrank by 7.4% in the third quarter by have grown by 0/3%?

    Surely it's just that the rate of decrease in GDP has decreased and not that GDP has increased?

    Is it me or was that article badly written?

    For the year up to the end of the measured period it was down by 7.4%, but for the 3 months it was up by 0.3%. Is it really that hard to follow?


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    #23
    InReality
    Registered Users Posts: 1,374 ✭✭✭InReality


    *Checks to see this is AH*

    *Checks again*


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    #24
    Instant Karma
    Closed Accounts Posts: 850 ✭✭✭Instant Karma


    Over my arse, be years before we drag ourselves out of this mess if we actually ever do.


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    #25
    JustAddWater
    Closed Accounts Posts: 1,990 ✭✭✭JustAddWater


    InReality wrote: »
    *Checks to see this is AH*

    *Checks again*


    Should have gone to specsavers


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    #26
    Procasinator
    Registered Users Posts: 1,311 ✭✭✭Procasinator


    Instant Karma wrote: »
    Over my arse, be years before we drag ourselves out of this mess if we actually ever do.

    Doesn't mean the recession isn't over. If we're going up, we're not in a recession. Even if we are far off from when we were at out highest.

    Doesn't mean everything is all rosy now, but it sure beats going further down.


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    #27
    CamperMan
    Registered Users Posts: 1,835 ✭✭✭CamperMan


    fat__tony wrote: »
    Lets celebrate. :rolleyes:

    with what?,... were all skint after the last budget


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    #28
    Biggins
    Banned (with Prison Access) Posts: 34,567 ✭✭✭✭Biggins


    Weathercheck wrote: »
    Apparently Ireland has suprisingly exited recession in the 3rd quarter of this year.

    Well thank heavens for that.
    I might get a decent price now for me stash of hash! :D


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    #29
    CamperMan
    Registered Users Posts: 1,835 ✭✭✭CamperMan


    I don't see car sales going up, I don't see house prices going up, I don't see new jobs..
    what I do see is car dealers hitting the wall, people losing their homes or struggling to pay their heavy mortgages, and I see plenty of job losses.

    Were not out of the recession.

    Remember the UK said that a while back only to find they were deeper in the sh!t than before


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    #30
    Dont be at yourself
    Registered Users Posts: 10,572 ✭✭✭✭Dont be at yourself


    Finally! We can all get back to talking about Roma gypsies now.


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    #31
    PirateShampoo
    Registered Users Posts: 4,406 ✭✭✭PirateShampoo


    Yet i cant get a job for lover nor money.

    So unemployment is at a all time high and we are ranked 5th in the whole of Europe in terms of people per capita unemployed.

    I call shenanigans


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