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IMF predicts UK economic bounce-back this year to match resurgent US
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By *atEvolution OP Couple
over a year ago
atlantisEVOLUTION Swingers Club. Stoke |
https://news.sky.com/story/imf-predicts-uk-economic-bounce-back-this-year-to-match-resurgent-us-12364919
"IMF predicts UK economic bounce-back this year to match resurgent US
The International Monetary Fund sees Britain growing in 2020 at the joint-strongest pace of the G7 group of leading industrialised nations - after a contraction last year that was the worst among them."
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By *dwalu2Couple
over a year ago
Bristol |
A 7% growth sounds great, until you read the link about contraction they buried a little further down from the headline:
‘The ONS now judges that UK GDP shrank by 9.8% last year, a very slight improvement on the initial estimate of a 9.9% decline but still the worst performance since the Great Frost of 1709.’
Crack open the champagne lads.  |
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By *atEvolution OP Couple
over a year ago
atlantisEVOLUTION Swingers Club. Stoke |
Better for it to be best performing at 7% however on par with the USA than all the rest.
"The UK growth rate this year is stronger than Germany (3.6%), France (5.8%) and Italy (4.9%), though the UK economy contracted more than those other countries in 2020.
The IMF's updated forecasts also anticipate the UK growing by 4.8% next year, implying that the UK economy will regain its pre-COVID levels around the turn of the year."
The turn of the year! Not bad going if it happens. |
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"A 7% growth sounds great, until you read the link about contraction they buried a little further down from the headline:
‘The ONS now judges that UK GDP shrank by 9.8% last year, a very slight improvement on the initial estimate of a 9.9% decline but still the worst performance since the Great Frost of 1709.’
Crack open the champagne lads. "
So it's really-3%? |
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By (user no longer on site)
over a year ago
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"A 7% growth sounds great, until you read the link about contraction they buried a little further down from the headline:
‘The ONS now judges that UK GDP shrank by 9.8% last year, a very slight improvement on the initial estimate of a 9.9% decline but still the worst performance since the Great Frost of 1709.’
Crack open the champagne lads. "
Woo hoo  |
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By *oo hotCouple
over a year ago
North West |
"Better for it to be best performing at 7% however on par with the USA than all the rest.
"The UK growth rate this year is stronger than Germany (3.6%), France (5.8%) and Italy (4.9%), though the UK economy contracted more than those other countries in 2020.
The IMF's updated forecasts also anticipate the UK growing by 4.8% next year, implying that the UK economy will regain its pre-COVID levels around the turn of the year."
The turn of the year! Not bad going if it happens. "
Simple Maths
If you start with an index of say 100 and it shrank by 10%, its value would then be 90.
Growing back by 10% would not take you back to 100.
If the economic hit was the largest in Europe, it will take a resurgence of all of that hit and more as well just to get back on an even keel. |
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By *atEvolution OP Couple
over a year ago
atlantisEVOLUTION Swingers Club. Stoke |
Read again:
The IMF's updated forecasts also anticipate the UK growing by 4.8% next year, implying that the UK economy will regain its pre-COVID levels around the turn of the year. |
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