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Originally Posted by JGreat
I didn´t know the UK was lagging so much behind in Europe, in fact I thought it was leading the economic growth even before germany, btw... how is it that germany had a smaller gdp contraction in 2009?, apart from all the good news in recent years, i thought that germany was the country with the biggest gdp contraction in that year
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The UK experienced a severe contraction following the financial crisis, but revisions and solid growth figures have seen the picture change rather dramatically. According to the IMF, in 2014 the UK managed growth of 2.8% which meant it was the fastest growing G7 economy; for contrast Germany expanded by 1.5% and France by a meagre 0.4%.
The following chart shows the GDP recovery of the G7 since the crisis.
Source: Full Fact: https://fullfact.org/economy/uk_fast..._economy-41159
One thing to note is that New Brisavoine’s data is focused on GDP per capita, so population growth (or stagnation) plays an important part in each respective country’s performance.
I haven’t reviewed the latest population and economic data combined, but it could be conceivable that with the strong economic growth of the UK and the ongoing poor performance of France, that the UK has or will later this year surpass France in GDP per capita when referring to 2007 as the base year for comparisons. We do know that since the start of the century, France has lagged behind its peers.
http://www.economist.com/news/specia...s-answer-might
Source: The Economist: http://www.economist.com/news/specia...s-answer-might