We went into recession in 2008, the Eurozone went into recession in 2009 and again in 2012. They followed a slightly different trajectory to the UK
Basically ourselves (and the Spanish) were particularly vulnerable to property led investments. The credit crunch affected us more markedly than it did Germany for instance. All I was saying is that if you took a convenient baseline date, and some time in the middle of the sovereign debt crisis as the end point (which didn't affect us as much) then a statistician could show the UK as having impressive growth. Equally they could probably generate a graph that painted a different picture if you took a high starting point and finished on low point too.
It's not worth going over though, as frankly there are more important issues at stake. I should say though, that I've seen a report that actualyl cited Inverness as the fastest growing city in Europe. Again I suspect it revolves around baseline data
That's interesting. Is there any clear evidence about which way the deficit is heading, Warbler?
We seem to hear different answers depending on who is being asked the question nowadays.
I'm glad growth has exceeded expectations btw. It certainly does contradict what many economists said after the financial crisis.
Even so, now might be the time for the government to start investing and build more houses.
Perhaps now would have been the time to try and save the steel industry, as opposed to walking away.
Perhaps now would even be the time to lower tuition fees too.
These are the areas I would like to see the proceeds of growth going, in order to get more growth for the future, if you get my drift.
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