Growth forecast in 2019:
🇲🇹 4.9
🇮🇪 4.5
🇸🇰 4.1
🇷🇴 3.8
🇵🇱 3.7
🇧🇬 3.7
🇨🇾 3.5
🇭🇺 3.4
🇸🇮 3.3
🇱🇻 3.2
🇱🇺 3
🇨🇿 2.9
🇪🇪 2.8
🇭🇷 2.8
🇱🇹 2.8
🇳🇱 2.4
🇪🇸 2.2
🇫🇮 2.2
🇦🇹 2
🇬🇷 2
🇪🇺 1.9
🇩🇪 1.8
🇸🇪 1.8
🇩🇰 1.8
🇵🇹 1.8
🇫🇷 1.6
🇧🇪 1.5
🇮🇹 1.2
🇬🇧 1.2#ECForecast https://t.co/fRe13nc5fC— European Commission 🇪🇺 (@EU_Commission) November 8, 2018
Ah here.
Autumn 2018 Economic Forecast (European Commission)
Sponsored Link
Heh, heh, heh.
https://www.bbc.com/news/uk-politics-46142188
“We are, and I hadn’t quite understood the full extent of this, but if you look at the UK and if you look at how we trade in goods, we are particularly reliant on the Dover-Calais crossing”
Jesus wept….
Crazy stuff, the ignorance on the british side of brexit is staggering.
Actually I find it rather refreshing that a politician admits making a mistake or not having full knowledge of something.
Makes quite a change in these cynical days of politics.
+1
I love a bit of ignorance and incompetence in a chap tasked with determined the country’s future
*determining
“I hadn’t quite understood the full extent of this, but it does in fact appear that our country is on an island!”
Jesus wept.
come on Ollie, move your bloomin’ arse!!
Ooh! ooh! I get the reference!!!
Nonsense! Fake news! The sun never sets on the British Empire!
What about the Daily Star (it’s 10p cheaper than the sun)
Graphs and statistics. Lets just take a second here and grab a little perspective.
1) The British economy is huge. Even a tiny growth margin in such a massive economy is a big end number.
2) Of course our growth is huge. We plummeted pretty much the furthest over the gloom years. Even with all this “growth” the debt is still increasing faster.
Yes its grim reading for the Sasanachs and it was to be expected. If the economic impact of Brexit hasn’t done the damage then their buffoonery and 1890’s think in’s at government level surely has. But as Abraham Lincoln once said “Don’t believe everything you read on the internet”
1. No. It is relative growth. The bigger it is the more room for growth. USA is projected to grow by 2.5% next year.
2. No. Our GNI today per capita is higher than the peak in 2007. So any growth now isn’t due to a low starting point.
And no. Our debt isn’t scheduled to grow next year.
https://www.cso.ie/en/releasesandpublications/ep/p-wbn/thewellbeingofthenation2017/economy/
The key word here is FORECAST.
For actual FACTS economic growth in the Eurozone has slumped to the lowest levels in more than four years,down to 0.2% in Q3 2018.
GB growth in Q2 was 0.4% and is expected to be around the same level in Q3.
#despitebrexit
Heh x 3 indeed.
In fairness Ollie just give it up. I’m gonna start calling you Comical Ollie from now on. Stop digging will ya!
Comical Ollie is bloody genius
“GB growth in Q2 was 0.4% and is expected to be around the same level in Q3.”
which is still sub-ideal for an economy like the UK – should be somewhere between 2 and 3%
the EC forecast of 1.2% in 2019 is on the low side, but there’s a clear consensus among forecasters generally that UK’s 2019 performance will be “meek”:
OECD: 1.3%
PwC – 1.2%
OBR: 1.3%
IMF: 1.6%
NIESR: 1.9%
Oxford Eco: 1.6%
there’s no reputable economic forecaster predicting anything beyond insipid performance
The EC forecast is based on the UK trading as is with the EU27 so they’re not really taking Sasamach into account, which is understandable since nobody knows what it’s going to look like yet.
Correct.
Which is why these economics forecasts are like trying to project what Jean Claude Druncker’s bart bill is going to be.
So just imagine how bad it’s going to be when Sterling collapses and trade dries up as the UK tries to get into the WTO and then make trade deals.
Best sign off on the backstop ASAP. The alternative doesn’t bear thinking about.
” the UK tries to get into the WTO .” You’re really not very bright on this whole trade thing are you ?
The United Kingdom has been a WTO member since 1995.
I was over simplifying. The UK is a member of the WTO but its membership is bound up with the EU, meaning it has to come to an independent agreement with the WTO to define the terms of its post Sasamach membership. Attempts to fast track this by adopting the same quotas, but as an independent entity, have been blocked by some 20 countries, including the US, China, Australia and New Zealand. The WTO has said that it’s very unlikely that the UK will have agreed tariffs and quotas with all other member countries by next March.
stupid experts acting the maggot again eh Ollie?
Thank goodness for brave men like David Davies and Dominic Raab who will to stand up to them… even if they don’t quite understand how international trade works.
good boy Oliver
You’re welcome to disprove my facts,Ms Great Face For Radio.
unnecessary insult
Pot.Kettle.Black.
How was lunch ? Did Mam have to leave early for a prior appointment.?
fair point
I think you’ll find it’s comical Ollie who is the unnecessary insult.
amazed you didn’t get deleted for that observation ;)
no no I don’t stew for days :)
Brexit blue passports and unicorns working out well for the Brits, I see. The utterly bizarre thing is, Brexit could potentially result in the disintegration of the union AND, a united Ireland. Strange times, indeed.
It will most certainly mean a severe spanking for the brits.. they do however like that sort of thing.. particularly when administered by their betters.
The graph suggests the highest growth will be in Ireland and Malta. Up to us to power the European economy…
Ireland will grow from the toilet to the toilet roll holder.
The idea that two of the EU’s minnows will power the European economy is a good joke though …
You’re welcome to disprove my facts,Ms Great Face For Radio.
LOL
Pot kettle belly.
Have you discovered those Mini and Landrover factories on a 3-day week yet or are you still refusing to admit you made the whole thing up ?
Until you come clean about it it’s hard to take anything you write seriously.
pot kettle belly still stuck on cloud semantics.
You don’t need forecast models to know that ANY disruption to import / export to / from Britain’s nearest neighbours is going to negatively impact on economic growth.
If Brexit happens and that is still a big IF, meaning leaving the CU, there is no way on God’s earth that the economy is going to even flat-line let alone grow for at least five years.
Oh and it is Union Flag not Union Jack. Unless Broadsheet is at sea, which wouldn’t surprise me.
Ahem, “butchers apron”, I think is how it’s mostly referred to. The union is in its death throes. Any more advice on the vernacular, I’ll be glad to help.
I refrained because I am like that. Diplomatic mainly, apart from reacting to retired srt8 men posting under various usernames because they have nothing better to be doing with the rest of their lives.
Who is this you’re talking about Brenda ?
The spanking thing has pushed him over the edge with excitement…
Are you referring to me? I work full time, shift work, meaning I am childminder to a 10 and 7 yr old three week days, and work every second weekend. Careful about the assumptions you make. Ha!
No I wasn’t referring to you, just answering you. Sounds like you have your hands full.
Tim Marshall has written a good book. About flags. It’s called ‘Worth Dying For”.
Anyway, and I’d have agreed with you up until now, in it he says that actually there’s no actual basis for this ‘Jack when at sea only’ thing.
It’s rather like one of those facts that isn’t a fact, yet refuses to die. Like Bob Holness from Blockbusters played the sax solo on Baker Street.
(He didn’t)
Jordan Peterson on Question Time tonight.
Up against Dianne Abbot.
This will be box office.
(Can’t see there’s anything in that to offend the BS censors but you never know.This place is becoming more and more like the Catholic Church every day.)
Hope Ireland stays under 5. Bad things happen when it goes over 5.
I love a good recession, don’t you?
And sure, Leo says we have a rainy day fund now and everything.
are we partying ?! are we phuck !
As if they needed further punishment – the EU are looking like a right pack of hacks these days.
They won’t let the UK leave because that would set a precedent – but you won’t hear that concern in the media. It’s in the interest of democracy and EU that works for European people that the UK are allowed to leave….
Well done, the Old Etonians!
You couldn’t make up this buffoonery in a Viz Comic character….
Britain’s Brexit minister has come under criticism after admitting he “hadn’t quite understood the full extent” to which UK trade was “reliant on the Dover-Calais crossing”.
https://www.rte.ie/news/brexit/2018/1108/1009607-brexit/
Scientist Brian Cox took to Twitter to ask: “How could it possibly come as a surprise to Dominic Raab that our most important trade gateway is that which is closest geographically to our most important market?”