That Damn Brexit........

[ToraToraTora]

https://www.bbc.com/news/business-65707206

[Gromit]

Brexit has been a rip roaring success.

And the UK avoided recession by 0.1%, proof that the economy is safe in Tory hands.

[youngmafbog]

Still avoided it Gromit. Germany has not.

[Hymie]

With Germany’s GDP per capita currently at around US$51,000 compared with the UK’s at around US$46,500 – it would take 3 consecutive years of -3% recession for the German economy to match that of the fantastic UK economy.

[douglas9401]

Yeah, but 'who won the war anyway' is the jumping off point for so many.
Clearly a bunch of serial losers eh?

Meanwhile back in a waterless, sewage-sodden Utopia run by incompetents...

[10ClarionSt]

There's a COL crisis. No one did anything to prevent it. I couldn't give a sh it about Brexit. Or Remain for that matter.

[youngmafbog]

Yeah of course Hymie.

The fact is the UK is not in recession your beloved Germany is.

[ToraToraTora]

hymie, 09:08, another totally irrelevant fact. Yes Germany has a bigger economy, so does the US, china, etc, that's not the point, they are in recession and we are not, they are in the EUSSR and we are not.

[Hymie]

With the German economy shrinking by around 0.4%, it will take more than 20 years of continuous recession (at this rate) for the German economy to match the fantastic UK economy.

[theshedman]

Hymie, why has the time it taken in your post changed from 3 years to 20 years regarding Germany and a recession.

[naomi24]

Hymie should post ‘Reasons to be miserable’ threads. If there are none he’d find some.

[Hymie]

The 3 years (to match the fantastic UK economy) was based on an arbitrary -3% per annum of recession in the German economy; the 20 years+ is calculated from the actual German recession rate of 0.4%.

[theshedman]

As you say your figures were based on an arbitrary isn't that just guess work. Dictionary meaning for the word is "based on random choice or personal whim, rather than any reason or system" so not facts. If you hate the UK so much why not go and live in the EU who you seem to think are the bees knees.

[Gromit]

I hope your celebration isn’t premature…

// Industrial action last December caused gross domestic product (GDP) to fall sharply during the month, and as those strikes ended (or at least paused) there was a large (+0.5%) rebound in growth in January. This helped ensure that there was a little growth in the first quarter as has been shown.

However, data for February shows that the economy stagnated, and the latest data for March shows a 0.3% contraction, suggesting a serious loss in momentum heading into the second quarter. Indeed, looking at the level of monthly GDP, the economy is behind where it was in October 2022 – or the entirety of Rishi Sunak’s time as prime minister. //

[youngmafbog]

No matter how you and Hymie spin it Gromit the fact still remains Germany is in recession and we are not (yet).

If it had been the other way round the pair of you would be shouting from the roof tops and no end of ridiculous you tube videos posted.

[Hymie]

Of course, what no-one has pointed out in this thread is that the primary reason for the German economy entering recession was their reliance on cheap Russian gas; and the costs of finding and paying for alternate fuel (with the large infrastructure costs) – but hey, let’s attribute it to Brexit somehow.