THE TELEGRAPH: High interest rates risk plunging Europe into recession while UK expected to rebound
UK growth will outpace Germany and the eurozone for years to come as the Continent faces a deeper recession caused by higher interest rates.
While both the German and UK economies shrank in the three months to September, putting both at risk of recession, analysts at UBS expect Britain to bounce back within a year.
That is unlike Europe’s largest economy. Berlin is already grappling with a budget crisis after Germany’s top court ruled that the government broke the law by using Covid cash to fund net zero spending.
House prices across the country have also suffered double-digit declines. » | Tim Wallace | Friday, December 29, 2023
If you believe this cr**, you’ll believe ANYTHING! There is no way that the weak UK economy is going to outgrow the much stronger German economy. The only way that this might be made to appear so is by the use of sophistry in statistics.
Diese Behauptung ist lächerlich! Die deutsche Wirtschaft in den kommenden Jahren wird mit geringem Aufwand schneller wachsen als die britische Wirtschaft. Die deutsche Wirtschaft wird in keiner Weise von Großbritannien entwachsen sein. Überhaupt nicht! Schön wäre es für uns Briten; aber dies wird nicht passieren. – © Mark Alexander
