I think it has to be bad – People that re effected will have less money to spend and other priorities and the people that aren’t hit by the possible “recession” will be tightening their belts. Speaking personally I don’t really remember the Thatcher recession except that my mate’s dads got made redundant but I am making sure I tuck a bit more money away now as a just in case precaution because I want to know that I am sorted in case teh worst happens.
My mate that works in the pub trade told me they are getting screwed at the moment with 7 pubs closing a week but this could just be part of a changing pattern in terms of what we want to do in the evenings.
All a bit doom and gloom – Personally I think its all a bit hyped up and believe the media is encouraging a recession as we once again are having another great year and aren’t seeing a slowdown across any of our business’ in and out of gaming