How soon will we see the UK (and global) economy recover from the recession created by the global effort to minimize deaths due to covid19? I am basing the question on a dateline starting this 1 September.
I shuffle and draw the Nine of Pentacles, also called the Nine of Coins.
This Minor Arcana card is in my mind, the Tarot’s personification of Britannia and it:-
- talks first and foremost about financial independence and self-sufficiency attained through employment or self-employment.
- correlates with the zodiac sign of Virgo, which runs 23 August-22 September and together with the other earth signs, Taurus and Capricorn, is a key zodiac sign associated with banking and financial services. Also schools and universities.
- Is ruled by Venus, planet of beauty. Not only does it rule banking and all financial services, it rules the beauty industry, hospitality, architecture, the arts, design, fashion and horticulture, viticulture and food production.
Therefore, drawing the Nine of Pentacles, I have a benchmark for interpretation, sufficient to confirm that the Tarot has ‘logged’ the question. OK. So how long for the UK to come out of recession, counting ahead in financial quarters of a year.
How many financial quarters will it take?
I switch to my ordinary playing cards asking to see how many financial quarters it will take the UK to enter recovery, using one card to represent one quarter and asking to be shown the Ace of Diamonds in token of a definitive answer to this question.
Divination involves a lot of this kind of self-programming. It’s all in the framing of the question.
I shuffle the cards blind, pull a card, pull another, pull another…how many cards will it take before we get a good money card….and the third card out is The Ace of Diamonds.
The Ace of Diamonds is suggesting that the UK will start to see some good news, small signs of recovery in the third quarter counting forward from September 2020, which would bring us to June 2021.
I’m surprised that the Ace Diamonds has made an appearance so soon, but this is a volatile card compared with say, The Ace of Clubs which is also a money card, but more solid, and I carry on pulling cards.
The fifth card, representing the fifth quarter is the Six of Diamonds.
Six is the number of community, and diamonds is the suit of money. This card can suggest loss, and of course there have been losses, and there will be more. But on balance it is a positive omen for the state of UK employment.
In summary the UK seems to show small signs of economic recovery with ups and downs but possibly as early as the next 3-5 financial quarters bringing us to June-December 2021.
So now I go online to find out what the Bank of England has been saying.
“The Bank expects the UK economy to shrink by 9.5% this year. While this would be the biggest annual decline in 100 years, it is not as steep as its initial estimate of a 14% contraction.”
So, we drew the Nine of Pentacles and here they are, forecasting a shrinkage of 9.5 % this year. But wait….hang on – here comes another nine.
“More than nine million jobs have been furloughed under the government’s job retention scheme, but the Bank expects most people to go back to work as the economy recovers.”
One of these people has been my son- in- law, a chef. And now he’s back to work. But hang on a sec…. ding- a- ling, here comes a third nine.
“The Bank expects the UK economy to grow by 9% in 2021, and 3.5% in 2022, with the economy forecast to get back to its pre-Covid size at the end of 2021.”
For the UK economy to return to its precovid size by the end of 2021 would accord with the 5 quarters intimated by the Six of Diamonds.
In a further comment Andrew Bailey, the Governor of The Bank of England said,
… “the UK still faced its sharpest recession on record, with the outlook for growth now “unusually uncertain.” Mr Bailey said it was the “largest quantum of uncertainty in a forecast” that policymakers had ever published.”
Last quarter 2021 seems rather optimistic. But if it’s 2023, perhaps that’s not bad, considering the aftermath of the Great Depression. As ever, only time will tell.
Until next time 🙂