Since 2019, The German economy has gone into an unexpected decline, posting the 2nd worst performance in Europe. GDP is stagnant, the car industry in decline, real wages falling and discontent rising. For many decades, Germany was the powerhouse of the European economy with rapid growth transforming living standards, but this has come to a …
Last May, Rishi Sunak could boast that the UK was the fastest growing economy in the G7. And, after a fashion, he was correct. Not only that but UK inflation has fallen close to its target of 2% and Sterling has reached its highest level for eight years. Were the Tories about to do the …
In the past four decades, China has undergone a genuine economic miracle. 800 million people have been lifted out of poverty, through economic growth that has often averaged close to 10%. China’s rise has changed the world. Our shops are flooded with cheap Chinese consumer goods, and many of our factories closed down. China went …
Greece is the cradle of western civilisation. Philosophy, democracy and unique cultural icons. But, 15 years ago, something terrible started to happen to the Greek economy, which saw one of the biggests hits to living standards in the western world. GDP collapsed, unemployment soared and Greece became an economic basket case. This article explains what …
The US economy is booming. It was the fastest-growing economy in 2023 and will be the fastest in 2024. The World Bank claims the US is the world economic dynamo and the contrast between the UK and US is stark. Whilst the UK is stuck in economic stagnation, the US shows a different outcome is …
Defying predictions of recession and political turmoil, the US economy has grown noticeably faster than its competitors. Led by fiscal expansion and higher consumer spending, the US economy appears to be the global economic dynamo. Green subsidies led to a boom in construction investment and rising employment. Yet, despite the seemingly impressive GDP statistics, some …
It’s official the UK entered into recession last year with GDP falling over a period of six months. However, with only a 0.4% fall in GDP some argue the recession is relatively mild. This is Not a Mild RecessionWatch this video on YouTube But, if we look at real output per capita, the UK economy …
Iss the UK broke? How much can the government borrow? Has the government run out of money? Firstly, how does the UK compare to other countries? The UK is not alone in running government debt close to 100% of GDP. But, it is still nearly double European countries like Norway and Ireland. But, this graph …