The UK economy is so vulnerable because our politicians seemed to have the genius idea of building it around London and specifically finance, services, and “making apps”.
When your economy is almost entirely based on services and other countries money, this is the result
Hungry_Horace on
Odd headline for what is a story specifically about the impact of Trump’s war.
TL:DR or reliance on energy imports makes us especially vulnerable to an oil crisis.
But…
> However, [the IMF] expects the UK to then recover, to again become the fastest growing European economy next year in the smaller G7 group of advanced economies, albeit at a slightly slower rate of growth of 1.3%.
shbgetreal on
When was the last time the IMF (or any other economist) made an accurate forecast.
jeanclaudebrowncloud on
It’s almost as if Trump and Netanyahu’s bullshit has consequences for us all
Oh_Shiiiiii on
I was wondering when we would get the IMF’s yearly UK’s fucked prediction, guess someone should start the 8 month counter for our 1% growth revision
Holodrive on
Yes but UK overtook India in Nominal GDP. Yes that still doesn’t change that UK real economy is doing bad and India currency is doing bad
liamthelad on
Just a heads up, the headline is a bit misleading.
The UK’s rate of growth has been downgraded.
We were forecast to have pretty good growth at 1.3% That’s now 0.8% Which is middling amongst peers.
It’s a significant downgrade – but the downgraded rate is still the same as Germany/just slightly behind France.
So we’ve had the biggest adjustment to previous rates.
pepperino132 on
Lads can we all just agree now we need to be in the EU
Prize-Meeting-7101 on
What can you expect, most of our industry and retail is owned by foreign interests. They are not investing, they are using the UK as a cash cow. Money is being sucked out of the UK never to return.
9 commenti
The UK economy is so vulnerable because our politicians seemed to have the genius idea of building it around London and specifically finance, services, and “making apps”.
When your economy is almost entirely based on services and other countries money, this is the result
Odd headline for what is a story specifically about the impact of Trump’s war.
The BBC is a bit less roundabout
https://www.bbc.co.uk/news/articles/c3v670qwz97o
TL:DR or reliance on energy imports makes us especially vulnerable to an oil crisis.
But…
> However, [the IMF] expects the UK to then recover, to again become the fastest growing European economy next year in the smaller G7 group of advanced economies, albeit at a slightly slower rate of growth of 1.3%.
When was the last time the IMF (or any other economist) made an accurate forecast.
It’s almost as if Trump and Netanyahu’s bullshit has consequences for us all
I was wondering when we would get the IMF’s yearly UK’s fucked prediction, guess someone should start the 8 month counter for our 1% growth revision
Yes but UK overtook India in Nominal GDP. Yes that still doesn’t change that UK real economy is doing bad and India currency is doing bad
Just a heads up, the headline is a bit misleading.
The UK’s rate of growth has been downgraded.
We were forecast to have pretty good growth at 1.3% That’s now 0.8% Which is middling amongst peers.
It’s a significant downgrade – but the downgraded rate is still the same as Germany/just slightly behind France.
So we’ve had the biggest adjustment to previous rates.
Lads can we all just agree now we need to be in the EU
What can you expect, most of our industry and retail is owned by foreign interests. They are not investing, they are using the UK as a cash cow. Money is being sucked out of the UK never to return.