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2009 GDP down 7.1%, GNP down 11.3%.

Comments

  • #2
    nesf
    Registered Users, Registered Users 2 Posts: 27,644 ✭✭✭✭nesf


    Well, the figures aren't that bad really given the vast majority of the decline happened in Q3/4 08 and Q1 09 rather than throughout 09.


  • #3
    Économiste Monétaire
    Closed Accounts Posts: 2,208 ✭✭✭Économiste Monétaire


    nesf wrote: »
    Well, the figures aren't that bad really given the vast majority of the decline happened in Q3/4 08 and Q1 09 rather than throughout 09.
    I like your optimism :pac:.

    Retail sales from earlier this month:

    RSIJan2010.png


  • #4
    nesf
    Registered Users, Registered Users 2 Posts: 27,644 ✭✭✭✭nesf


    Économiste Monétaire wrote: »
    I like your optimism :pac:.

    Retail sales from earlier this month:

    RSIJan2010.png

    Tis a smaller drop than Dec - Feb 09... :p

    Optimism++


  • #5
    Mr Amazing 2
    Closed Accounts Posts: 8 ✭Mr Amazing 2


    Holy sweet baby jeyus.....is this graph telling me that we only going to spend 90% of what we spent in shops in 2005 :eek:. Where is the deflation. Surely the value should be way down compared to volume?


  • #6
    Économiste Monétaire
    Closed Accounts Posts: 2,208 ✭✭✭Économiste Monétaire


    Mr Amazing 2 wrote: »
    Holy sweet baby jeyus.....is this graph telling me that we only going to spend 90% of what we spent in shops in 2005 :eek:. Where is the deflation. Surely the value should be way down compared to volume?
    Well, if you look at the HICP, we're 5% above 2005 price levels. That deflation number in the CPI was largely due to a fall in mortgage payments.


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