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Living Well in a Down Economy for Dummies, 2nd Edition [Audiobook]

Living Well in a Down Economy for Dummies, 2nd Edition [Audiobook]
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HVACR Leaders Headline ACCA 2023 Conference & Expo

The Air Conditioning Contractors of America (ACCA) highlights its lineup of general session speakers for the ACCA 2023 Conference & Expo April 2-5 at the New Orleans Marriott in New Orleans.

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Transcripts for BBCNEWS Breakfast 20240604 06:26:00

supplied labour, and materials. you can't aet supplied labour, and materials. you can't get the — supplied labour, and materials. you can't get the people to do the work? that is an issue, with labour supplying materials. and inflation and is bikes in prices because of ukraine so steel and timber. that is holdin: ukraine so steel and timber. that is holding back — ukraine so steel and timber. that is holding back construction _ ukraine so steel and timber. that is holding back construction going - ukraine so steel and timber. that is| holding back construction going even bigger? it is holding back construction going even bi ter? , . ., , holding back construction going even biner? , , , ,, bigger? it is causing pressure around inflation. _ bigger? it is causing pressure around inflation. if _ bigger? it is causing pressure around inflation. if we - bigger? it is causing pressure around inflation. if we know l bigger? it is causing pressure l around inflation. if we know the economy is _ around inflation. if we know the economy is having _ around inflation. if we know the economy is having a _ around inflation. if we know the economy is having a tough - around inflation. if we know the | economy is having a tough time, construction slows down. so economy is having a tough time, construction slows down.- economy is having a tough time, construction slows down. so why the mismatch? there _ construction slows down. so why the mismatch? there is _ construction slows down. so why the mismatch? there is a _ construction slows down. so why the mismatch? there is a time - construction slows down. so why the mismatch? there is a time lag. - construction slows down. so why the mismatch? there is a time lag. in i mismatch? there is a time lag. in manchester, the cranes on the skyline are there because of investment decisions from 2—3 years ago and those projects last 2—3 years so we will see this year investment decisions from last year and early this year and if they are paused, we will start to see the slowdown. we are waiting to see what

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Transcripts for BBCNEWS Breakfast 20240604 06:25:00

or can't get to work, businesses produce less. and then there's the high number of vacancies that many firms say they are struggling to fill, with fewer people available to work, partly due to the pandemic and partly due to brexit. today's gdp figures tell us what happened during last year. as for what this coming year will serve up, well, respected economists predict there'll be little cause to raise a glass to the strength of the uk economy. we can dig into that in more detail. john hughes is with me. what is the state of construction? it acts as a barometer as to the health of the economy. it barometer as to the health of the econom . , , barometer as to the health of the econom. , __ , barometer as to the health of the econom. , _, economy. it is very busy. there is a lot of cranes _ economy. it is very busy. there is a lot of cranes in _ economy. it is very busy. there is a lot of cranes in the _ economy. it is very busy. there is a lot of cranes in the skyline - economy. it is very busy. there is a lot of cranes in the skyline in - lot of cranes in the skyline in manchester and salford and we work in manchester, leeds, newcastle. we have seen issues in terms of

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Transcripts for BBCNEWS Breakfast 20240604 06:24:00

the opposite is true. and when it changes byjust a fraction of a per cent from one three—month period to the next, it might not sound like much, so why does it matter? if the economy is growing, it's probably easier to find a job, a job that you want. you might get a pay rise, a pay rise that matches inflation. inflation price growth is usually lower than it is now. so in times of prosperity, you might see higher—than—inflation wage growth. but, at the moment, most people aren't. but in a recession, typically, people find it more difficult to find a job. businesses are struggling. they're probably seeing lower profits. so they're going to freeze hiring or possibly make people redundant. so why isn't the economy performing better? well, there are various factors, but they include the high cost of energy and food, leaving households with less money to spend on buying and doing things after covering the monthly essentials. then there are the strikes. if people aren't going to work

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Transcripts for BBCNEWS Breakfast 20240604 06:22:00

reflect the economy and we know the uk economy has been having a tough time. inflation, average price rises, at a a0 year high and interest rates have gone up to bring that under control. businesses and households face high energy costs which leaves people with less money to spend buying and doing things. the international monetary fund warned the uk would be the only major economy to shrink over the coming year. the bank of england says a recession would be less severe and shorter than previously expected, lasting just over a year as it expects energy and food prices to fall in the coming months. after 7am we will find out if the uk economy tipped into recession. what does it mean for you? i have been finding out. getting a healthy, growing economy takes careful calculations — much like the work at this brewery in camden, north london.

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Transcripts for BBCNEWS Breakfast 20240604 06:23:00

they know that even a perfect brew isn't enough for the business to grow. it needs the wider economy to do well, with people spending more. if the economy is growing, it means that consumer sentiment is high. people are going out more. they're going to pubs, bars and restaurants where our products are served. they may be entertaining a lot more. when it's shrinking and there's less money in their bank accounts, they may be less likely to go out to pubs. so what we saw in 2022 is over 32 pubs a month shut. and if the economy continues in the same vein this year, we may see that trend continue. the total value of everything that's produced and sold in the economy is known as gdp, or gross domestic product. when that number gets bigger, we talk about the economy growing. it indicates that people are spending more, businesses are investing and hiring more staff, and people might generally feel living standards rising. when the economy shrinks, well,

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