The UK is experiencing a slower economic recovery than 23 of the 33 advanced economies monitored by the International Monetary Fund (IMF) and is lagging behind all but one G7 country on exports, wage growth and manufacturing, according to new analysis published today by the TUC.
The UK is experiencing a slower economic recovery than 23 of 33 advanced economies monitored by the International Monetary Fund (IMF) and is lagging behind all but one G7 country on exports, wage growth and manufacturing, according to new analysis published today by the TUC.
The analysis also reveals that the UK is emerging from recession at a slower rate than at any time in recent history. UK income per head in 1985 was six per cent higher than it was before the 1980 crash. In 1995, UK income per head was seven per cent higher than before the 1990 recession. However, UK income per head is today still six per cent below its 2008 level.
So much for David Cameron’s “global race”.
Source: IMF World Economic Database, TUC calculations
Real GDP Per Capita growth 2008-2017 – IMF advanced economies
| 1 | Taiwan Province of China | 35.7% |
| 2 | Korea | 29.6% |
| 3 | Hong Kong SAR | 26.2% |
| 4 | Singapore | 24.2% |
| 5 | Slovak Republic | 18.9% |
| 6 | Estonia | 17.0% |
| 7 | Australia | 14.8% |
| 8 | Israel | 12.3% |
| 9 | United States | 11.2% |
| 10 | Sweden | 10.6% |
| 11 | Germany | 10.3% |
| 12 | Malta | 9.9% |
| 13 | New Zealand | 9.2% |
| 14 | Japan | 8.7% |
| 15 | Canada | 6.6% |
| 16 | Czech Republic | 6.5% |
| 17 | Austria | 5.2% |
| 18 | Switzerland | 4.5% |
| 19 | Norway | 3.4% |
| 20 | France | 1.7% |
| 21 | Ireland | 1.5% |
| 22 | Netherlands | 0.6% |
| 23 | Finland | 0.0% |
| 24 | United Kingdom | 0.0% |
| 25 | Denmark | -0.4% |
| 26 | Belgium | -1.1% |
| 27 | Spain | -1.8% |
| 28 | Portugal | -2.1% |
| 29 | Iceland | -2.8% |
| 30 | Italy | -5.9% |
| 31 | Slovenia | -6.7% |
| 32 | Luxembourg | -9.4% |
| 33 | Greece | -14.1% |
Source: IMF World Economic Database, TUC calculations
11 Responses to “UK performing worse than all but one G7 country in ‘global race’”
LillyG
Nothing surprising in this report wakey wakey people !!!!
OldLb
Tax tax and more tax.
Debts piled on debts on more debts.
40,000 killed a year in the NHS
5,300 bn of pensions debts.
Notice the common theme.
The state.
Cole
Still peddling your rubbish about 40,000 deaths a year in the NHS? Just to remind you, the article you endlessly quoted said the real figure was under 12,000. Repeating this fiction doesn’t make it true.
LB
No.
The BMJ peer reviewed paper states 40,000.
You’ve had the link.
You’ve chosen to ignore it, because of the horrific story it says.
Now you might think killing off 40,000 a good thing. Lowers the pension debts
However, I don’t. I think it is criminal.
Covering it up is criminal.
Denying it is criminal
LB
So 1,200 slaughted at one hospital.
How many are they going to dig up at Basildon?
http://www.express.co.uk/news/health/393546/2-500-needless-deaths-at-single-hospital-in-10-years
Another 2,500