2502: The Weekend Podcast - Celebrity Wedding
Aug 12, 2022•31 min•Ep. 2502
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Episode description
Are we in recession?
Event Actual Forecast Previous
GDP (MoM) -0.6% -1.2% 0.4%
GDP (QoQ) (Q2) -0.1% -0.2% 0.8%
July is -0.6%
August is -0.3%
You’re going to need September to grow by 0.9% to not contract - impossible.
——
We are in an energy inflation driven recession.
The biggest rising cost for any company right now is energy.
Domestic energy is capped - which is laughable.
Business energy is not. Article in the times about some businesses are seeing a 5 fold increase.
There’s a v sad story online today about a lady who works for a very popular Chinese take away in Aberdeen. Their bill has gone up 10 fold and its their last day on business on Saturday.
Name a company addressing this issue for businesses and you’ve got yourself a winner.
Event Actual Forecast Previous
GDP (MoM) -0.6% -1.2% 0.4%
GDP (QoQ) (Q2) -0.1% -0.2% 0.8%
July is -0.6%
August is -0.3%
You’re going to need September to grow by 0.9% to not contract - impossible.
——
We are in an energy inflation driven recession.
The biggest rising cost for any company right now is energy.
Domestic energy is capped - which is laughable.
Business energy is not. Article in the times about some businesses are seeing a 5 fold increase.
There’s a v sad story online today about a lady who works for a very popular Chinese take away in Aberdeen. Their bill has gone up 10 fold and its their last day on business on Saturday.
Name a company addressing this issue for businesses and you’ve got yourself a winner.
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