83
Brexit’s Lasting Damage Is Looking Inescapable
(www.bloomberg.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 21 Mar 2024
83 points (92.8% liked)
United Kingdom
4092 readers
77 users here now
General community for news/discussion in the UK.
Less serious posts should go in !casualuk@feddit.uk or !andfinally@feddit.uk
More serious politics should go in !uk_politics@feddit.uk.
Try not to spam the same link to multiple feddit.uk communities.
Pick the most appropriate, and put it there.
Posts should be related to UK-centric news, and should be either a link to a reputable source, or a text post on this community.
Opinion pieces are also allowed, provided they are not misleading/misrepresented/drivel, and have proper sources.
If you think "reputable news source" needs some definition, by all means start a meta thread.
Posts should be manually submitted, not by bot. Link titles should not be editorialised.
Disappointing comments will generally be left to fester in ratio, outright horrible comments will be removed.
Message the mods if you feel something really should be removed, or if a user seems to have a pattern of awful comments.
founded 1 year ago
MODERATORS
If your extrapolate a line during the run up to ANY recession you'll create a line that never gets hit again. Your extrapolation theory reminds me of this
It's not just a 'run up to a recession' it's over 12 years of continuous growth arrested in 2008. I'd argue that's more than enough data points to extrapolate a trend line. Don't take my word for it, though. Here's an example of the ONS doing the same thing: https://www.ons.gov.uk/visualisations/dvc496/Recession/chart5/index.html
Oh my god, it's even worse when you zoom out. We'll never catch up to the trend lines set by the years of unsustainable growth before the recessions in the 70's. Oh the permanent damage we caused. It's an absolute tragedy that after a recession we never get back to the trend line that was set by the bubble before it burst. I'm not patient enough for the slow and steady fundamental growth of humanity through time, I want continuous fast exponential growth so the shareholders can he happy all the time!
This isn't about shareholders, this is about demonstrating the economic performance of the UK in the lead up to Brexit as it pertains to our current situation. In your previous comment you seemed to be implying that you can't extrapolate a trend line prior to a recession and I demonstrated that you could because the lead up was measured in years. I'm not arguing that damage from a recession is permanent, I'm arguing that it put us in an already bad place in terms of productivity etc prior to 2020.