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Originally Posted by 1andrew1
I didn't give it any attention but happy to if you insist.
I don't want to be too harsh but it's hard to sugarcoat this one. Without real life data which exists, it's just a fantasy post.
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Are you saying that my theoretical example doesn't have a real life equivalent? Ridiculously unlikely in the extreme.
As I pointed out, the UK was 2nd in the G7 at one point. That means 5 other countries were lower. If any of them are now higher, that would be a real life example of my point.
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For 2021 as a whole, UK GDP growth was 7.4%. This was the highest in the G7. The UK had the largest decline in GDP among the G7 in 2020 (-9.3%) and its relatively strong performance in 2021 was to some degree a recovery from weakness in 2020.
Please note that headline GDP growth figures across countries are not 100% comparable. For example, the UK takes a different approach to others in calculating output in the education and health sectors. This has resulted in the UK’s GDP growth figures being lower in 2020, and higher in 2021 (as this effect unwinds), compared with other G7 economies than they otherwise would have been.
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