Created Wed 12th Nov 2008 12:11pm PST by 
ryanj
ryanj 
When will the Bank of England announce the UK recession has ended or is ended?
Background: The Bank of England has stated that the UK economy entered a recession sometime in mid-2008, and that since August the economic landscape has changed drastically. Estimates put economic shrinkage at 2% next year which means the worst of the economic downturn hasn't yet begun.
The Bank couldn't say when exactly the economy entered recession or when exactly we might expect a return to normal, but expects the recession to at least last well into 2009.The economic contraction in may be somewhat similar to those of Sweden, Finland and Norway in the 90s, 'which were deep but relatively short-lived.' We shoudn't expect a long drawn out crisis as was the case in Japan.
So with all that bad news you can now predict on when we'll here some good news!
The Bank couldn't say when exactly the economy entered recession or when exactly we might expect a return to normal, but expects the recession to at least last well into 2009.The economic contraction in may be somewhat similar to those of Sweden, Finland and Norway in the 90s, 'which were deep but relatively short-lived.' We shoudn't expect a long drawn out crisis as was the case in Japan.
So with all that bad news you can now predict on when we'll here some good news!
Settlement details:As reported by a major mainstream news source. The market settles based on information from the Bank of England, which can be via news sources that states the recession is over.
Forecast history %
| January 2009 - May 2009 |
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| June 2009 - August 2009 |
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| September 2009 - December 2009 |
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| January 2010 - May 2010 |
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| June 2010 - August 2010 |
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| September 2010 - December 2010 |
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| Not by 1/1/2011 |
|
Question suspends in 1 year
- Activity: H$34,353 |
- Predictions: 111 |
Comments: 3
Suspend date: Fri 31st Dec 2010 3:59pm PST (1 year to go)
Initial likelihoods: January 2009 - May 2009: 5%, June 2009 - August 2009: 10%, September 2009 - December 2009: 25%, January 2010 - May 2010: 30%, June 2010 - August 2010: 20%, September 2010 - December 2010: 5%, Not by 1/1/2011: 5%
Action history:
Created Wed 12th Nov 2008 12:11pm PST by ryanj
ryanj 
Suspend date: Fri 31st Dec 2010 3:59pm PST (1 year to go) details 
Get widget!Predictions (111)
rogerkni
predicted September 2010 - December 2010 (H$100 at 3%)
cmcooper63
predicted January 2010 - May 2010 (H$50 at 14%)Comments (3)
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