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    Default Euro zone growth revised


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    Quote Originally Posted by GB9 View Post
    Brexit innit
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

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    Quote Originally Posted by GB9 View Post
    In the first paragraph from your link:

    "Among countries for which data is already available, GDP growth picked up in Germany and France; was unchanged in Spain; and slowed in Italy."

    Is down the new up Brexit land?
    “One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.”

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    Quote Originally Posted by scooterscot View Post
    In the first paragraph from your link:

    "Among countries for which data is already available, GDP growth picked up in Germany and France; was unchanged in Spain; and slowed in Italy."

    Is down the new up Brexit land?

    No of course if the UK is down on forecasts the sky is falling in. If Germany is 20% down on Forecast there is no problem and we are being foolish.
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

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    Quote Originally Posted by vetran View Post
    No of course if the UK is down on forecasts the sky is falling in. If Germany is 20% down on Forecast there is no problem and we are being foolish.
    Quite so. Germany exports a 1/3 of the world's goods. Whereas the UK exports 'other peoples' goods.

    Very different impacts you understand.
    “One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It’s simply too painful to acknowledge, even to ourselves, that we’ve been taken. Once you give a charlatan power over you, you almost never get it back.”

    ― Carl Sagan

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    Quote Originally Posted by scooterscot View Post
    Quite so. Germany exports a 1/3 of the world's goods. Whereas the UK exports 'other peoples' goods.

    Very different impacts you understand.
    Well Germany's growth was 20% lower than expected yet the UK's is up by 50% according to those idiots in the EU.

    https://www.theguardian.com/business...ast-uk-economy

    Executive arm of EU sees UK economy growing 1.5% this year, compared with earlier forecast of just 1% growth
    Oh Dear
    "If you didn't do anything that wasn't good for you it would be a very dull life. What are you gonna do? Everything that is pleasant in life is dangerous."

    I want to see the hand of history on his collar.

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    My post count is Majestic

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    Duh. Germany had growth but it wasn't as much growth as expected so they're a loser.
    In the UK things got worse but not as much worse as people expected so we're winning and Brexit was the best choice ever.
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    How much has the Eurozone economy grown over the last 12 months in GBP terms?
    Where there's muck there's brass.

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    You thickos just don't get it do you?

    Germany's trade surplus in 2016 - 250 billion Euros.
    UK's trade deficit in 2016 - 6 billion pounds.

    And you're talking about small bits of GDP rises?
    Our GDP rises in synch with our debt because the UK economy is run by borrowing and spending.
    The German economy when it has growth actually puts money in the bank.

    There are some economists who say GDP figures shouldn't be given any credit at all.
    Because theoretically for much of the 90s and 00s our gowrth rate was higher than Germany's but where has it got us?
    Massive twin deficits and huge debt.

    That's the Brexit delusion - its the delusion of the adequcy of the UK economy.
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    Quote Originally Posted by sasguru View Post
    You thickos just don't get it do you?

    Germany's trade surplus in 2016 - 250 billion Euros.
    UK's trade deficit in 2016 - 6 billion pounds.

    And you're talking about small bits of GDP rises?
    Our GDP rises in synch with our debt because the UK economy is run by borrowing and spending.
    The German economy when it has growth actually puts money in the bank.

    There are some economists who say GDP figures shouldn't be given any credit at all.
    Because theoretically for much of the 90s and 00s our gowrth rate was higher than Germany's but where has it got us?
    Massive twin deficits and huge debt.

    That's the Brexit delusion - its the delusion of the adequcy of the UK economy.
    Your wasting your time, mate. We're like the living in the Walking Dead when the Walkers have over-run the military dug-outs. Leave the dead to themselves and build a better life elsewhere.


    Edit: are your stats correct? 6 billion deficit looks a bit light?
    Last edited by northernladyuk; 16th February 2017 at 15:22.
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