Projected growth in 2023 OECD countries (minus Russia)
9.0%
6.2%
4.9%
4.7%
3.0%
2.6%
2.5%
2.5%
2.2%
2.1%
1.9%
1.8%
1.7%
1.4%
1.3%
1.2%
1.2%
1.2%
0.0%
Speaking about the specific weaknesses of the UK economy compared with other rich countries, Laurence Boone, chief economist of the OECD, said the UK was unique in simultaneously grappling with high inflation, rising interest rates and increasing taxes.
The OECD forecast that the UK economy would record growth of 3.6 per cent in 2022, although much of that reflected recovery from coronavirus at the end of last year. But this growth would fall to zero next year as households are increasingly squeezed. Inflation would remain high and average 7.4 per cent next year having hit double digits later this year. The OECD said the economy would be “stagnating in 2023 due to depressed demand”. (Financial Times)
Amazing @itvnews !
— Alex Taylor (@AlexTaylorNews) June 9, 2022
This is actually the first report on ????????TV I've actually seen which calls a spade a spade and calls out the "economic damage Brexit – not Covid – has caused and which is becoming harder and harder to ignore" ???????????? pic.twitter.com/rnRefJIxTr
Causes:
- Tory handling of Brexit
- Tory economic mismanagement
- An economically illiterate Cabinet
- Rich, selfish arseholes who only care about those who prop up the Tory Party with dirty money.
It makes absolutely no economic sense to vote Tory or to keep The Lying PM in Office but the walking dead will and do.
Penny Lane
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