Originally posted by vetran
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DOOM: The Economy
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…Maybe we ain’t that young anymore -
Originally posted by vetran View Post
Odd the IMF has it as 2.5% compared to our stagnant 3.6%.
Yep its bad the forecasthas our growth only .6% higher than Germany's -0.3%, Europe's powerhouse we are always compared to.
It seems Italy will outgrow Germany again by -0.1%!
We are forecast to be 0.2% behind the Eurozone having lost our paltry .1% lead on 27 European countries.
Imagine all these countries linked together with the same currency & rules behaving so differently.
The real figures however suggest we grew more than our competitors for a number of years. The eurozone only caught up year on year in Q2 2022.
Our performance is comparable to the USA & Japan and 1.5 times Germany in Q3 22.
lies, lies and Blasters statistics?
https://www.nytimes.com/2022/08/12/b...k-economy.html
Britons are facing a bleak combination of stagnant or declining economic growth with one of the highest inflation rates among its rich-economy peers. In June, inflation climbed to 9.4 percent, the highest in 40 years, but isn’t expected to peak until it reaches 13 percent in October. The Bank of England, which has been steadily raising interest rates since December in an effort to restrain rapid price rises, predicted last week that the country would enter a recession at the end of the year and wouldn’t exit it until the beginning of 2024.
Here's an interesting article:
https://www.independent.co.uk/news/u...-b2250813.html
Two-thirds of Britons now support future referendum on rejoining the EU
Which is not surprising. They just need to look at France:
https://www.bloomberg.com/news/artic...-in-early-2023
French Economy Set to Dodge Recession With Growth in Early 2023
Last edited by BlasterBates; 27 January 2023, 14:12.I'm alright JackComment
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Originally posted by dsc View Post
I know I shouldn't bite, but...your ranking based on 2023 forecast has UK as third from the end, also 0.2% difference when we are talking 0.3% TOTAL increase / decrease is pretty significant wouldn't you say?
Well it is worse for Germany at a 0.6% less or Italy at 05% less than us both have negative growth compared to our lower than the Eurozone but still positive growth.
Always forgive your enemies; nothing annoys them so much.Comment
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Originally posted by vetran View Post
Well you understand its a forecast so that is a start!
Well it is worse for Germany at a 0.6% less or Italy at 05% less than us both have negative growth compared to our lower than the Eurozone but still positive growth.
https://www.bloomberg.com/news/articles/2022-11-22/uk-at-bottom-of-g-7-growth-league-for-next-two-years-oecd-says
UK at Bottom of G-7 Growth League for Next Two Years, OECD Says
I'm alright JackComment
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Originally posted by WTFH View Post
Your “real” figures only work if you ignore the train crash that meant we recovered in late 21 and into 22 compared with how much we fell in the pandemic
Is that like "my pants are drying after I pissed myself, but as they are nearly dry they aren't drying as quickly as France?"Always forgive your enemies; nothing annoys them so much.Comment
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Always forgive your enemies; nothing annoys them so much.Comment
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Originally posted by vetran View Post
read around the forecasts?
Q1 0.6
Q2 0.1
Q3 -0.3
Q4 wasn't in your post but the preliminary figure is -0.3
GDP growth in the UK for 2022 was 0.6 + .0.1 -0.3 -0.3 = 0.1
Last edited by BlasterBates; 28 January 2023, 15:27.I'm alright JackComment
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UK economy only one in G7 expected to shrink this year, even Russia is set to grow.
Russian economy only shrank 2.2 in 2022. Seems like the economic sanctions on Russia, hit Europe harder than Russia itself.
Comment
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The only difference between the UK and the other G7s is Brexit."A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George OrwellComment
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Originally posted by Fraidycat View PostUK economy only one in G7 expected to shrink this year, even Russia is set to grow.
Russian economy only shrank 2.2 in 2022. Seems like the economic sanctions on Russia, hit Europe harder than Russia itself.
one would expect it to be an educated guess but even the FT doubts their abilities
https://www.ft.com/content/60581224-...f-23cb17fd1498
The FT looked at the number of countries that the IMF expected to be in recession for every year since 1991 and compared it with the number of economies that turned out to have actually contracted. Over the last 27 years, the IMF has predicted every October that an average of five economies will contract the following year. In practice, an average of 26 have contracted. This suggests that the six countries that the IMF predict will be in recession for 2018 could rise to as many as 31.Always forgive your enemies; nothing annoys them so much.Comment
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