UK the only economy to shrink

[Macseasider]

The ONLY G7 nation who's economy has shrunk in the last 4 quarters.

Any ideas why? Mmmmm.

Why is the UK struggling more than other countries?

The UK is the only G7 nation whose economy is smaller than it was before the Covid pandemic.

www.bbc.co.uk

 

[1966_and_all_that]

Sir, sir, sir...I know the answer Sir, please Sir....

 

[BigHandsOliverKahn]

Choosing to continue sabotaging our own economy and not reversing the obvious mistake?

 

[Shandypants]

Lads you're being a tad unfair. It'll take at least 50 years to break even and remember the ship the got stuck in the Suez, its primarily down to that.

 

[Macseasider]

Choosing to continue sabotaging our own economy and not reversing the obvious mistake?

1 merit awarded to you.

 

[Junior_BentsPlatformShoes]

Those nasty Remoaners have broken the economy since Covid restrictions lifted, insisting on going on European holidays and spending all our British money abroad instead of at home. For shame.

 

[kerrytangerine]

TTJ will be along in a minute to tell us to move on.

 

[foggy]

Weirdly quiet in here

 

[Jimmy Jazz]

The ONLY G7 nation who's economy has shrunk in the last 4 quarters.

Any ideas why? Mmmmm.

Why is the UK struggling more than other countries?

The UK is the only G7 nation whose economy is smaller than it was before the Covid pandemic.

www.bbc.co.uk

Is the answer Jeremy Corbyn?

 

[glasshalffull]

Is the answer Jeremy Corbyn?

Michael Appleton

 

[tommytwojags]

TTJ will be along in a minute to tell us to move on.

Thanks for the invitation. I'm sure you would like to know the real position just to put the record straight.

For 2021 as a whole, UK GDP growth was 7.5%, the highest in the G7.

In recently published forecasts for the world economy, the IMF downgraded 2023 GDP growth forecasts for many countries, reflecting what it called a “sharper-than-expected slowdown” due in part to high inflation. The IMF forecasts UK GDP growth of 3.6% for 2022, the highest in the G7, and 0.3% for 2023.

The OECD's revised forecasts for the world economy downgraded 2023 GDP growth forecasts for many countries, reflecting high inflation and rising interest rates. The OECD forecasts overall UK GDP growth of 3.4% for 2022, reflecting a bounceback compared with 2021’s pandemic-affected performance.

 

[Mexboroseasider]

News today is that Joules and Garden Trading are going into administration putting 1600 jobs at risk.

 

[Always tangerine]

Thanks for the introduction. I'm sure you would like to know the real position just to put the record straight.

For 2021 as a whole, UK GDP growth was 7.5%, the highest in the G7.

In recently published forecasts for the world economy, the IMF downgraded 2023 GDP growth forecasts for many countries, reflecting what it called a “sharper-than-expected slowdown” due in part to high inflation. The IMF forecasts UK GDP growth of 3.6% for 2022, the highest in the G7, and 0.3% for 2023.

The OECD's revised forecasts for the world economy downgraded 2023 GDP growth forecasts for many countries, reflecting high inflation and rising interest rates. The OECD forecasts overall UK GDP growth of 3.4% for 2022, reflecting a bounceback compared with 2021’s pandemic-affected performance.

Yeah great outlook, recession coming, more unwanted austerity , etc

 

[TwelveAngryMen]

As James O'Brien likes to say - ' The only country in the world who sanctions themselves '