Thread: Brexit (Old)
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Old 12-02-2019, 10:54   #7559
jonbxx
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Re: Brexit

Quote:
Originally Posted by Mick View Post
I don't know what news information you've been following but you're wrong on all those points.

It's been in the news this last few weeks, Germany is already there in recession territory, Italy also - Ireland's economy would crash under a No Deal Brexit, so it's not good at all.

I stand by what I say and believe it to be true and it's about time you realised that.

---------- Post added at 21:17 ---------- Previous post was at 21:16 ----------



Exactly, so it's all Fake News coming from the Standard.
OK, I am going by the definition of recession being two successive quarters of negative GDP growth so here are the numbers;

Germany
One quarter of negative growth - https://tradingeconomics.com/germany/gdp-growth
Full year GDP growth 1.5% - https://tradingeconomics.com/germany/gdp-growth-annual
Data from German Federal Statistical Office

Italy
OK, now in recession :-)
Two quarters of negative growth - https://tradingeconomics.com/italy/gdp-growth
Full year growth 1% - https://tradingeconomics.com/italy/gdp-growth-annual
Data from Italian National Institute of Statistics

Ireland
Last quarter 0.9% growth - https://tradingeconomics.com/ireland/gdp-growth
Full year growth 4.9% - https://tradingeconomics.com/ireland/gdp-growth-annual
Data from Central Statistics Office Ireland

Greece
Youth unemployment rate 39.1% - https://tradingeconomics.com/greece/...mployment-rate
Last quarter GDP growth 1% - https://tradingeconomics.com/greece/gdp-growth
Annualised growth 2.2% - https://tradingeconomics.com/greece/gdp-growth-annual
Data source National Statistical Service of Greece

United Kingdom
GDP growth 0.2% - https://tradingeconomics.com/united-kingdom/gdp-growth
Annualised growth 1.3 % - https://tradingeconomics.com/united-...-growth-annual
Data source Office for National Statistics

Note that some of the data has moved since Yesterday so I apologise for the Italy figures and the comparison with the UK will have moved slightly with the Q4 results.
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