France and Germany exit recession

[Martinus]

0.3% growth seems kinda sad after your economy just shrank 3+% but anyway congrats to my Euro friends.

Consider your economy is still shrinking, I wouldn't look down on the Germans and the French.

[DGuller]

0.3% growth seems kinda sad after your economy just shrank 3+% but anyway congrats to my Euro friends.

I guess the thing is that the positive growth quarter, no matter how small, officially ends the recession? A certain number of negative quarters are required to occur in order to call a recession. So, if the next quarter shows negative growth, I guess that won't be called a recession again since only it's only one quarter, and hopefully the economy is moving upwards.

I recently found out that consecutive quarter rule is a bit of a myth.  Recessions begin and end when some economists say so.

[DGuller]

Take that Lithuanian homophobes.

Pfft, those Balts have nothing on Ukrainians.  My people really know how to shrink that GDP.

[Zanza]

The experts here expect a W-shaped recovery, meaning the last quarter and perhaps the current one will have very minor growth, but in the fourth quarter or so, the economy might decline again as government schemes to prop up the economy and to save jobs run out and people are laid off.

[Valmy]

Consider your economy is still shrinking, I wouldn't look down on the Germans and the French.

Where did I look down on them?

[alfred russel]

0.3% growth seems kinda sad after your economy just shrank 3+% but anyway congrats to my Euro friends.

Consider your economy is still shrinking, I wouldn't look down on the Germans and the French.

Why do you think we are still shrinking?

[garbon]

Why do you think we are still shrinking?

We've been out swimming in cold water for too long.

[Barrister]

It seems Portugal too have grown 0,3%

Well then, let's hear it for cork.

Don't congratulate to much or else you'll be shot by a nigger

Seedy. I think it's time to lift the moratorium on my use of this word. When even the rat fuck eggplants get to use it, it's starting to get unfair.

Of course it's unfair. 

[KRonn]

0.3% growth seems kinda sad after your economy just shrank 3+% but anyway congrats to my Euro friends.

I guess the thing is that the positive growth quarter, no matter how small, officially ends the recession? A certain number of negative quarters are required to occur in order to call a recession. So, if the next quarter shows negative growth, I guess that won't be called a recession again since only it's only one quarter, and hopefully the economy is moving upwards.

I recently found out that consecutive quarter rule is a bit of a myth.  Recessions begin and end when some economists say so.

Yeah, that rings a bell. I think I heard something about the consecutive quarters thing not really being the factor. We did seem to have some widely different views on when/if we hit a recession about a year or so ago.

[derspiess]

I recently found out that consecutive quarter rule is a bit of a myth.  Recessions begin and end when some economists say so.

Yeah, that's rather annoying.  The result is that we're almost always "in a recession" because so many economists or "pundits" want to be the first to say we are.  I always preferred the textbook '2 consecutive quarters' definition.

[HVC]

It seems Portugal too have grown 0,3%

Well then, let's hear it for cork.

Don't congratulate to much or else you'll be shot by a nigger

Seedy. I think it's time to lift the moratorium on my use of this word. When even the rat fuck eggplants get to use it, it's starting to get unfair.

Rat fuck porkchops

[Admiral Yi]

I recently found out that consecutive quarter rule is a bit of a myth.  Recessions begin and end when some economists say so.

I think the current recession is the first one that has been scored by the new rules.

[Sheilbh]

I recently found out that consecutive quarter rule is a bit of a myth.  Recessions begin and end when some economists say so.

Yeah, that's rather annoying.  The result is that we're almost always "in a recession" because so many economists or "pundits" want to be the first to say we are.  I always preferred the textbook '2 consecutive quarters' definition.

Apparently the 2 consecutive quarters was suggested by an economist in the New York Times with a number of other rules of thumb.  Everyone forgot about them and focused on that, so it was never really a 'textbook' definition.

I recently read that the 19th century name for a recession was a 'depression' but that the great depression was so uniquely awful that people stopped using the word 'depression' except in relation to that specific 'depression' and started to use 'recession' for more commonplace recessions.