> The UK is set for the slowest growth of the G7 richest economies next year, the International Monetary Fund has warned.
>
> It is predicting UK growth will fall to just 0.5% in 2023, much lower than its forecast in April of 1.2%.
> ….While UK growth is expected to remain relatively strong this year, Mr Gourinchas said unusually high inflation – faster than in Europe or the US – is expected to take a toll in 2023.
>
> “If you were to look at both years together, it’s actually not very far from where the other advanced economies are,” he told the BBC. “The one thing that worries me more about the UK economy is that their inflation numbers seem to be quite high. There is a fairly high pass through from high gas prices to broader prices in the economy.
>
> “That would signal even further monetary policy tightening by the Bank of England and that would also weigh down on growth going forward.”
This is basically the source of all of ours problems. And it hasn’t just been this year or the last 5, or even 20. I think in general we just don’t value growth as much as we should, and policy makers are often of the defeatist mindset.
Hmmmm.
A crisis effecting the whole of Europe and yet the UK somehow has the worst economic outlook. What could the reason be, I wonder? 🤔
/s
Lmao. You know we’re fucked when the IMF of all organisations are saying we need to raise taxes!
And for 2022 it is near the top of the list…. Funny that not being reported
No need for IMF to tell us anything! Just open your eyes, go out checkyour bills and you’ll notice the fiture is not bright at all
Cheers gammons!
More like for the next 20 years
Maybe the megatraffic jam around Dover was connected somehow….hmmm.
Who would’ve guessed? After brexit, the shit management of covid and watse of money on track and trace and political instability, I Would’ve never thought this would happen.
😮💨 Guys I’m tired…
Hmm really?
“World Beating”
We had the same slowest growth rate of g7 when we were in the eu too. So no change then.
Just read Germany has a labour shortage and may be sliding into a recession. Was that Brexit too?
Brexit the gift that keeps on giving, still waiting for UK passport renewal for my daughter since February !
16 comments
> The UK is set for the slowest growth of the G7 richest economies next year, the International Monetary Fund has warned.
>
> It is predicting UK growth will fall to just 0.5% in 2023, much lower than its forecast in April of 1.2%.
> ….While UK growth is expected to remain relatively strong this year, Mr Gourinchas said unusually high inflation – faster than in Europe or the US – is expected to take a toll in 2023.
>
> “If you were to look at both years together, it’s actually not very far from where the other advanced economies are,” he told the BBC. “The one thing that worries me more about the UK economy is that their inflation numbers seem to be quite high. There is a fairly high pass through from high gas prices to broader prices in the economy.
>
> “That would signal even further monetary policy tightening by the Bank of England and that would also weigh down on growth going forward.”
This is basically the source of all of ours problems. And it hasn’t just been this year or the last 5, or even 20. I think in general we just don’t value growth as much as we should, and policy makers are often of the defeatist mindset.
Hmmmm.
A crisis effecting the whole of Europe and yet the UK somehow has the worst economic outlook. What could the reason be, I wonder? 🤔
/s
Lmao. You know we’re fucked when the IMF of all organisations are saying we need to raise taxes!
And for 2022 it is near the top of the list…. Funny that not being reported
No need for IMF to tell us anything! Just open your eyes, go out checkyour bills and you’ll notice the fiture is not bright at all
Cheers gammons!
More like for the next 20 years
Maybe the megatraffic jam around Dover was connected somehow….hmmm.
Who would’ve guessed? After brexit, the shit management of covid and watse of money on track and trace and political instability, I Would’ve never thought this would happen.
😮💨 Guys I’m tired…
Hmm really?
“World Beating”
We had the same slowest growth rate of g7 when we were in the eu too. So no change then.
Just read Germany has a labour shortage and may be sliding into a recession. Was that Brexit too?
Brexit the gift that keeps on giving, still waiting for UK passport renewal for my daughter since February !