UK ahead of EU as bloc likely to 'slip into recession'
UK ahead of EU as bloc likely to 'slip into recession'
www.cityam.com
UK ahead of EU as bloc likely to 'slip into recession'
14 comments
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I was told this couldn't happen? What's gives?
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Where were you told the EU could never go into recession?
A lot in the EU block had to change how their energy is supplied. Converting to use LNG over piped gas has incurred huge costs. The UK's gas supply is largely unchanged. Germany, The Netherlands and Poland are also affected by Ukraine to a greater extent. Germany and The Netherlands have also been impacted in much the same light as the UK with Brexit. No country is infallible when it comes to recessions.
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Ireland's bullshit GDP numbers got downgraded, because Apple transferring Intellectual Property isn't really GDP, and the ONS revised their UK numbers up adding 2% to UK GDP making it the 3rd fastest post pandemic recovery rather than the worst in the G7, which is now Germany
Something something schadenfreude...
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14 comments
I think it's much of muchness tbh. We're all already in recession as our pay isn't keeping up with inflation. This is pure fudging of the numbers.
Sure, if you change the meaning of words then yes.... we're in a recession 🤷.
That's not how recessions work
It's a significant symptom.