RE: GDP13 Jul 2022 10:06
I agree with your sentiments PanamaPete. Although no doubting that prices are on the up, there is the self-prophesising that 'talks' economies into recession, spread by doom-mongers and so called 'experts' and forecasters, who, unfortunately, a lot of people believe what they say is gospel, and hence think it must therefore be true, then shut up shop and don't spend.
I work in commercial real estate. I recall at pre-Brexit times that the Institute of Fiscal Studies and the PMA forecasting that if there was a 'yes' vote that central London office prices would fall by 40%. Fact is it fell by 4% and the decline in Sterling brought in heaps of overseas investment from the US, Middle and Far East, which helped sustain values.
Anyway, GDP is up!