UK growth set to be worst in G20 apart from Russia, OECD warns

[Doucas]

Well it's a complete mystery why the UK is performing so poorly 🙄

Source: https://www.ft.com/content/ee2ce542-...d-57a8200a47ae

[delmbox]

Well it's a complete mystery why the UK is performing so poorly ��

Source: https://www.ft.com/content/ee2ce542-...d-57a8200a47ae

Subscription needed

[JamesWales]

1 / Why do people give more prominence to predictions than actual data? It's like giving more respect to Lawros predictions on football focus than the actual classified football results at 5pm. OECD predictions are never correct, merely predictions.

As you can see, UK GDP is above most countries in the G20 in 2022 Q1 GDP growth
https://tradingeconomics.com/country...dp-growth-rate

The UK is also second only to Saudi Arabia in the G20 in annual GDP growth. That's actual, real data.
https://tradingeconomics.com/country...al-growth-rate

2/People understand that the above data is in part of a reflection of the poorer UK growth data the previous year. Indeed, people dismissed our good growth figures entirely for that reason. Why do they not accept that in this instance? If you look by 'yer https://www.dailymail.co.uk/news/art...SSIA-year.html you can see that they predict UK growth of 3.6% in 2022 and 0% in 2023. Germany for example is 1.9% and 1.7%. Japan is 1.7% and 1.5%. Taken over two years, there is very little difference.

3/ The global economy is in a very precarious position, but based on actual and predicted data the UK is pretty much mid-ranking and on many indicators such as unemployment we are doing much better and on wage growth v inflation we are doing significantly less badly.

[Doucas]

Non pay wall link - https://www.newstatesman.com/chart-o...ery-g20-russia

Not sure what happened with the original link, I could view it when i went onto it earlier but now now.

[life on mars]

They are projections , at the moment UK & USA doing well.as is comes out of the pandemic faster. .

https://www.theguardian.com/business...-business-live

The world will.be a shit tip 2023 according to the World Bank .??

All this working from home has got folk all nasty and bored at least its making a headline or two ...

I do think though the world is being challenged.

[delmbox]

I can't see anything in there about coats costing thousands in a months time, which I'm sure Organ Morgan promised was going to happen

[Wales-Bales]

I can't see anything in there about coats costing thousands in a months time, which I'm sure Organ Morgan promised was going to happen

OM is more on the ball than you are

[delmbox]

OM is more on the ball than you are

I guess we'll find out in a month won't we!

[the other bob wilson]

I guess we'll find out in a month won't we!

Not so sure about that, these “independent thinkers” have the capacity to be proved spectacularly wrong time after time, in the eyes of us sheeple at least, and move on as if they were right all along - they’ve mastered it in a manner our PM can only dream about.

[delmbox]

Not so sure about that, these “independent thinkers” have the capacity to be proved spectacularly wrong time after time, in the eyes of us sheeple at least, and move on as if they were right all along - they’ve mastered it in a manner our PM can only dream about.

Not this time, OM has said pretty plainly with a timeframe what's going to happen in a month or so. We'll finally know if he's talking bollocks or not

Screenshot 2022-05-30 at 15.48.43.jpg

[HiVis]

1 / Why do people give more prominence to predictions than actual data? It's like giving more respect to Lawros predictions on football focus than the actual classified football results at 5pm. OECD predictions are never correct, merely predictions.

As you can see, UK GDP is above most countries in the G20 in 2022 Q1 GDP growth
https://tradingeconomics.com/country...dp-growth-rate

The UK is also second only to Saudi Arabia in the G20 in annual GDP growth. That's actual, real data.
https://tradingeconomics.com/country...al-growth-rate

2/People understand that the above data is in part of a reflection of the poorer UK growth data the previous year. Indeed, people dismissed our good growth figures entirely for that reason. Why do they not accept that in this instance? If you look by 'yer https://www.dailymail.co.uk/news/art...SSIA-year.html you can see that they predict UK growth of 3.6% in 2022 and 0% in 2023. Germany for example is 1.9% and 1.7%. Japan is 1.7% and 1.5%. Taken over two years, there is very little difference.

3/ The global economy is in a very precarious position, but based on actual and predicted data the UK is pretty much mid-ranking and on many indicators such as unemployment we are doing much better and on wage growth v inflation we are doing significantly less badly.

If Brexit is such a panacea why are their murmurings of entering into a free trade agreement with the EU?

[cyril evans awaydays]

I guess we'll find out in a month won't we!

I guess so!

[cyril evans awaydays]

OM is more on the ball than you are

I guess not!