2017-03-03 11:45:40 UTC
Europe and the rest of the world. Growth of eurozone economic output
accelerated to a near six-year high in February of 56.0, up from 54.4
in January, according to the Markit composite PMI.
"Eurozone output growth was led by the manufacturing sector after
improved levels of exports and domestic new orders.
"Ireland remained at the top of the growth rankings. All of the 'big
four' eurozone economies reported stronger increases in output, with
Spain at an 18-month high, Germany at a 34-month high, and France at a
69-month peak. Italy had its sharpest spike in activity since December
So that's Spain doing great, Germany doing great, France doing
...and where is Britain right now?
"Britains economy is cooling fast, according to the latest surveys of
the services, manufacturing and construction sectors, leading to
concerns that an interest rate rise this year by the Bank of England
is less probable than a cut."
By the way, German growth has now exceeded UK growth.
"Germany overtakes UK as fastest-growing G7 economy"
"Britain loses top spot as ONS revises down annual growth to 1.8%,
from an initial estimate of 2%"
"Germany overtook the UK as the fastest growing among the G7 states
during 2016. Europes largest economy expanded at the fastest rate in
five years, showing growth of 1.9% last year.
"The expansion pushed Britain into second place among the G7
industrialised nations, after the Office for National Statistics
revised down annual UK growth to 1.8%, from an initial estimate of 2%.
"In the final quarter of 2016 Germanys economy grew by 0.4%,
improving on 0.1% growth in the third quarter. It was fuelled by
domestic demand as government and consumer spending rose.
"Germany proved the International Monetary Fund wrong, after the
Washington-based fund predicted the UK would outpace its G7 peers."
But you Brexiters knew this would happen, didn't you? You traitors to
the British economy knew that Brexit would be so negative in so many
ways, yet you still went ahead and voted to leave 57 trade deals, a
single market of 500 million, and the freedom to live and work in any
of 28 countries. And all because you hate foreigners with their silly
I hope your kids will be thanking you in their own special way when
it's time for your care home. How much crow can you eat, I wonder?