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Windows 7: Any Economists here --please explain to an Engineer

13 Dec 2011   #1
jimbo45

Linux CENTOS 7 / various Windows OS'es and servers
 
 
Any Economists here --please explain to an Engineer

Hi everyone

I keep reading in the papers etc about "Bad - deep recession" -- or how economy (or G.D.P ) will probably slip back / shrink 1.8% or whatever next year.

However that's STILL around 11% HIGHER than it was 6 years ago -- andI can't think of a single country where the population has grown by 11% in 6 years.

So what gives here.

Please can a seasoned eceonmist tell and old fashioned Engineer that 11% - 1.8 % which equates to an overall increase of 9.2% G.D.P is actually a SEVERE RECESSION.

Perhaps Mathematics in 21 st century isn't the same -- perhaps they've found the Higson Particle which changes everything !!

Will Physicists in Geneva destroy the Universe? - Yahoo! UK & Ireland Answers

Apart from Youth unemployment which we all know is still a BIG BIG problem please can someone tell me how we can be in a HUGE RECESSION / depression when the economy is still STREETS ahead of where it was 6 years ago.

(Inflation is another issue entirely -- if you haven't had pay rises matching the rise in Fuel / food etc you will be feeling the pinch but that doesn't actually equate to a country in RECESSION or DEPRESSION even though for the individuals concerned it's not in a nice state to be in.).

Cheers
jimbo
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