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irishone
19 Sep 23 22:29
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Date Joined: 22 Sep 06
| Topic/replies: 57,675 | Blogger: irishone's blog
LONDON, Sept 19 (Reuters) - Britain remains on course to have the highest inflation of leading rich economies in 2023, according to Organisation for Economic Co-operation and Development forecasts which showed the country's inflation problem widening compared with most of its peers.

Britain's headline inflation rate was set to average 7.2% over 2023, up from a previous forecast of 6.9% made by the OECD in June.

The fresh estimate represented the biggest upwards revision for any Group of Seven economy - apart from Japan - in the latest set of projections by the Paris-based think tank published on Tuesday.
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Report irishone September 19, 2023 10:29 PM BST
can they get relegated from the G7 league ?
Report irishone September 19, 2023 10:30 PM BST
uk a third world country now

relegated two years running ?
Report Johnny The Guesser September 19, 2023 10:36 PM BST
"leading rich economies " - that's us - the UK  Cool
Report ----you-have-to-laugh--- September 19, 2023 11:08 PM BST
Is average inflation an actual meaningful thing?
Report flat16 September 20, 2023 7:36 AM BST
The UK inflation will be highest in G7 because ,we paid our pensioners 10.1% ,benefits 10.1% and of course many many very high wage rises.
The other drivers of inflation (mainly Ukraine war) oil/petrol ,gas , food oils/fats ,grains and fertilisers etc , effect all countries but in different ways .
So a country like the UK ,that imports energy ,that farms intensively and eats much processed food and takeaways will face higher price rises .
The high mortage rates are reducing new build housing combined with the greens and liberals opposing planning permissions ,rents will increase ,also many local authorities are going into the rental markets, so council taxes will leap .
Only progressives can believe we can support our ridiculously spirralling population without new homes destroying the environment.
It needs something to break the cycle ,not a split passive Government or lawyers and scamming whining wokery.
Report diabolicalliability September 20, 2023 8:08 AM BST
Going down hth.
Report SirNorbertClarke September 20, 2023 8:32 AM BST
Going down hth.


Just not as fast as everywhere else. HTH
Report irishone September 20, 2023 10:08 AM BST
Yeah i would say they are relegation candidates

Who will get promoted though ?
Report ----you-have-to-laugh--- September 20, 2023 10:46 AM BST
Keep saying woke wokery, and that'll fix it.

Maybe invent a few surveys and give us an anecdote
about a bloke you met in the wokery ward on woke street.

Inflation is still imported and inflated by interest rates.

Interest rate rises drop out a year after they happen.

No bank rise tomorrow and we are set for Oct 24 election
Another 0.25 and nov24 to Jan 25 goes fav.
Report irishone September 20, 2023 11:42 AM BST
"We are doomed captain mannering, doomed"
Report irishone September 20, 2023 10:06 PM BST
Guyana is currently the fastest-growing economy in the world, with its GDP expected to grow by 38% in 2023.
Uzbekistan. ...
Côte d'Ivoire. ...
Tanzania. ...
Vietnam. ...
Niger. ...

follow on .....
Report irishone September 20, 2023 10:11 PM BST
The following table shows the projected top economies in the world for 2050. All figures represent real GDP projections, based on 2021 USD.

UK might just make the G7 according to the predictions



Rank    Country    Real GDP in 2050 (USD trillions)
1   
Report irishone September 20, 2023 10:12 PM BST
Projections and Highlights for 2050
The following table shows the projected top economies in the world for 2050. All figures represent real GDP projections, based on 2021 USD.

Rank    Country    Real GDP in 2050 (USD trillions)
1   
Report irishone September 20, 2023 10:13 PM BST
MARKETSRanked: The Top Economies in the World (1980‒2075)Published 2 months ago on July 21, 2023
By Marcus Lu
Graphics/Design:
Athul Alexander
top economies in the world

▼ Use This Visualization
Visualizing the Top Economies in the World
According to a recent report from Goldman Sachs, the balance of global economic power is projected to shift dramatically in the coming decades.

In the graphic above, we’ve created a bump chart that provides a historical and predictive overview of the world’s top 15 economies at several milestones: 1980, 2000, 2022, and Goldman Sachs projections for 2050 and 2075.

Projections and Highlights for 2050
The following table shows the projected top economies in the world for 2050. All figures represent real GDP projections, based on 2021 USD.

Rank    Country    Real GDP in 2050 (USD trillions)
1   
Report irishone September 20, 2023 10:14 PM BST
wont let me print the league table  ffs


https://www.visualcapitalist.com/top-economies-in-the-world-1980-2075/
Report layingisthewayforward September 20, 2023 10:15 PM BST
Lol, not like the OP to start an anti UK thread
Report Shrewd_dude September 20, 2023 10:19 PM BST
Put another euro in your meter Iris.
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