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
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11 Responses to “UK performing worse than all but one G7 country in ‘global race’”
Cole
It doesn’t. it says the 40,000 figure is wrong, and that their research shows that the true figure is around 12,000.
LB
http://www.iso.org/iso/livelinkgetfile?llNodeId=21503&llVolId=-2000
Even the department of health put the number of deaths at 40,000.
Medical error is the third most frequent cause of death in Britain
after cancer and heart disease…….kills four times more people than die from all other types of accidents.
…
It goes on and on.
You’re just an apologist for the slaughter.
I presume you work for the NHS?
LB
http://www.iso.org/iso/livelinkgetfile?llNodeId=21503&llVolId=-2000
Even the department of health put the number of deaths at 40,000.
Medical error is the third most frequent cause of death in Britain
after cancer and heart disease…….kills four times more people than die from all other types of accidents.
…
It goes on and on.
You’re just an apologist for the slaughter.
I presume you work for the NHS?
JC
All this shows is that it is important to select which period to use. I don’t think that Cameron had much influence over UK economic policy in 2008 or 2009. Neither did he have much influence over the actual GDP growth in 2010. How about a comparison with the same countries over 2011 – 2017. That at least would be more appropriate.
Cole
You still don’t accept that the article you endlessly quote says the figure is under 12,000 and NOT 40,000. Why the endless lying?
I do not work for the NHS, but like the overwhelming majority if my fellow citizens value it greatly and will fight the smears of right wing scum.