Thread: Britain outside the EU
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Old 08-06-2022, 18:06   #4089
nomadking
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Re: Britain outside the EU
Comparing growth like that is misleading.That is why it is used.
We've already had previous growth and the others are catching up to a similar overall level.
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Quote:
It means the UK will go from the second-fastest growing economy in the G7 group of industrial nations to the slowest growing in 2023.
What would be the situation if you compared prior to that point to one next year?
EG If X has an increase of 2% first year and 1% the next, and Y has an increase of 1% first year and 2% the next, they are comparable overall. Yet Y has a larger increase in the 2nd year, when looked at in isolation.
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