A forum for all things Cardiff City
Fri Oct 22, 2010 9:13 am
Just wanted to know what everyone's views were on the liklihood of us going into a double dip recession.
Personally, with the current government cutting huge amounts of public sector jobs, an increase of VAT, and a decrease of funding, I think we're going to be hitting the double dip recession that this government so badly needs to avoid.
The whole point of making these cuts was to avoid this, but I think it's sealed out fate.
Discuss.
Fri Oct 22, 2010 9:17 am
Unfortunately, I think you could be right.
Fri Oct 22, 2010 9:21 am
Interest rates were slashed and quantative easing took place to try and gets banks lending and people spending again. Making cuts left right and centre is going to have the opposite effect.
It's inevitable imo.
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