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Uk To Grow Twice As Fast As Germany In 2014

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So, today's latest forecasts are that the UK will grow almost twice as fast as Germany in 2014

Bank of England raises its forecast of UK GDP for 2014 to 3.4% (was 2.8% forecast in November)

German government raises its forecast of Germany GDP for 2014 from 1.7% to 1.8%

There you go, Osbourne was right all along.

Wasn't he?

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Well of course, the Germans need to start selling houses to each other at ever increasing prices to catch up with the UK! :blink:

Casino banking and HPI are great GDP boosters, while the stupid Germans still do backward stuff like engineering and manufacturing...

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The UK will achieve "growth" of 3.4% in 2014 while the government borrows about 6% of GDP a year. Germany will grow around 1.7% in 2014 while essentially borrowing nothing.

Saying that the UK is growing faster than Germany is a complete joke.

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The UK will achieve "growth" of 3.4% in 2014 while the government borrows about 6% of GDP a year. Germany will grow around 1.7% in 2014 while essentially borrowing nothing.

Saying that the UK is growing faster than Germany is a complete joke.

Money's no object!

UK-National-debt-End-of-Labour-governemnt-Vs-End-of-Tories-1st-term-Spring-2015-%C2%A3bn-a.png

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First lets see what actually happens. Also, the UK has catching-up to do. Germany has been growing for much longer than the UK in recent years.

Germany is about the only Euro zone Nation that outgrows the UK since 2011, you can't hang 2010 GDP on the Tories...it is a backward looking 4 quarter moving average in any case.

I think the German stats are....3.3, 0.7, 0.9. UK 1.1, 0.1, 1.9.....so gaining rapidly. Meanwhile others cataclysmically ****....Spain....0.1, -1.6, -1.1. Greece.......-7.1, -6.4, -3.7.

From 2011-2015 looks like UK could top the league table for growth of the large Nations, Germany keep losing matches whilst the UK is on a six match unbeaten run.

More to the point our manager has been given a blank cheque, another half a trillion or so to add to our debts.

Edited by crashmonitor

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Don't mention ze debt

Debt will never be paid back so its irrelevant to government. They only have a problem when they aren't allowed to borrow more but since they set the interest rates and they are the largest debtor interest rates won't go up for a very long time...government would go bankrupt otherwise.

We're foolish to believe the majority of government cares about the common man;s issues. They are a kleptocracy - benefiting the few at the expense of the many. You see it in their actions and in the actions of the rich who flock here because they are well taken care of in an impenetrable tax system which only the wealthy can navigate. Until everyone has the courage to "down tools" and force a re-think for democracy this will continue. Never before have we had the gift of instant cheap two-way communication with the masses. Surely we can use that to advance the cause of democracy (if indeed democracy is the answer....I'm not convinced)

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So, today's latest forecasts are that the UK will grow almost twice as fast as Germany in 2014

Bank of England raises its forecast of UK GDP for 2014 to 3.4% (was 2.8% forecast in November)

German government raises its forecast of Germany GDP for 2014 from 1.7% to 1.8%

There you go, Osbourne was right all along.

Wasn't he?

Does mortgage lending count as an economy though? Really?

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Debt will never be paid back so its irrelevant to government. They only have a problem when they aren't allowed to borrow more but since they set the interest rates and they are the largest debtor interest rates won't go up for a very long time...government would go bankrupt otherwise.

We're foolish to believe the majority of government cares about the common man;s issues. They are a kleptocracy - benefiting the few at the expense of the many. You see it in their actions and in the actions of the rich who flock here because they are well taken care of in an impenetrable tax system which only the wealthy can navigate. Until everyone has the courage to "down tools" and force a re-think for democracy this will continue. Never before have we had the gift of instant cheap two-way communication with the masses. Surely we can use that to advance the cause of democracy (if indeed democracy is the answer....I'm not convinced)

The time is right for a completely new party and I don't mean UKIP. Surely there would be vast support for a party that caters for the competent, hard-working average person? A party that saw the welfare state as a safety net rather than a lifestyle and who taxed on the basis of wealth rather than labour. Why does that seem like a pipe-dream? :angry:

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Germany are planning to raise minimum wage to €8.50 per hour....what is that saying for the rest of Europe inc UK?...... ;)

They don't have a minimum wage, but they are planning on introducing one. Funnily enough, this government seems to be planning on a whole raft of giveaways that almost completely sweep away the financial orthodoxy that has made Germany the richest and most successful European nation over the past 50 years. I actually thing it might be the beginning of the start of their decline. Euro-style lax financial discipline has even gotten to them.

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. Surely there would be vast support for a party that caters for the competent, hard-working average person? A party that saw the welfare state as a safety net rather than a lifestyle and who taxed on the basis of wealth rather than labour. Why does that seem like a pipe-dream? :angry:

You mean UKIP ?

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They don't have a minimum wage, but they are planning on introducing one. Funnily enough, this government seems to be planning on a whole raft of giveaways that almost completely sweep away the financial orthodoxy that has made Germany the richest and most successful European nation over the past 50 years. I actually thing it might be the beginning of the start of their decline. Euro-style lax financial discipline has even gotten to them.

Ummm are there two germany's?

Or do you somehow believe that merchanalist germany which has an absurdly distorted economy, and is busily destroying it's southern trade partners economies through it's merchantalism, is somehow a success? Do you not realize that when they finally go down, germany itself will fall into depression with 30%+ unemployment, when it finds itself with no markets and it's own consumers unable to buy its goods given that the average german is earning less now than in 1990?

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They don't have a minimum wage, but they are planning on introducing one. Funnily enough, this government seems to be planning on a whole raft of giveaways that almost completely sweep away the financial orthodoxy that has made Germany the richest and most successful European nation over the past 50 years. I actually thing it might be the beginning of the start of their decline. Euro-style lax financial discipline has even gotten to them.

...and it's nothing at all to do with the fact that they were basically forbidden from re-arming after ww2(and so turned their hand to industry), so the brits and the yanks have to pay the bill for it.

..in blood, public relations and military expendiure.

frankly we're getting quite fed up with it.

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The UK will achieve "growth" of 3.4% in 2014 while the government borrows about 6% of GDP a year. Germany will grow around 1.7% in 2014 while essentially borrowing nothing.

Saying that the UK is growing faster than Germany is a complete joke.

Of course! Our growth is partly fake supported only by continuing borrowing. It will not last and will have to be paid for. This is why we experience much greater swings in growth and then recession than Germany. In fact our cycles are getting quicker with the up lasting a shorter time with each move through the cycle.

Even the Gov of B of E said today that our growth was not balanced and not sustainable. The first correct thing I have heard him say.

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Of course! Our growth is partly fake supported only by continuing borrowing. It will not last and will have to be paid for. This is why we experience much greater swings in growth and then recession than Germany. In fact our cycles are getting quicker with the up lasting a shorter time with each move through the cycle.

Even the Gov of B of E said today that our growth was not balanced and not sustainable. The first correct thing I have heard him say.

Carney may not know his **** from his ear when it comes to economics but one thing he knows at least as well as Osborne... if the GDP numbers don't turn positive then people are going to start asking questions. That £800,000/yr must be a big incentive for him to let Gidiot off the leash.

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Or do you somehow believe that merchanalist germany which has an absurdly distorted economy, and is busily destroying it's southern trade partners economies through it's merchantalism, is somehow a success?

So they work harder and pay themselves les than their competitors, and put the savings into investment and education and training. They've lived modestly, and within their means, and haven't racked up enormous debts and squandered the money on property and consumer goods. When the economic armageddon comes, we are all going to be f****d, but I bet the germans will be less f****d than the rest of us.

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...and it's nothing at all to do with the fact that they were basically forbidden from re-arming after ww2(and so turned their hand to industry), so the brits and the yanks have to pay the bill for it.

..in blood, public relations and military expendiure.

frankly we're getting quite fed up with it.

Kind of ironic, huh? But we didn't have to get involved in all those expensive military adventures now did we. Germany certainly contributed to the costs of nato''s defence during the cold war, although I guess it's impossible to say if they paid their fair share. But they didn't get the associted bragging rights with being a world class military power either, did they. Swings and roundabouts.

Ironically, having got a taste for military failure in Afghanistan, the germans are gearing up to get more involved in the military adventures of the West, which, combined with their sudden newfound desire to pay themselves more jollies in the form of social and welfarebenefits, may contribute to their eventual economic decline.

Doubly ironic.

Edited by BigPig

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Germans are very vulnerable to buy to let.

They could see enormous growth.

Still got the problem that they are proportionately a large country with plenty of space and a population that is not rising with an aging demographic.

Meanwhile we have our own super charged GDP policy....flood the already overcrowded island with immigrants, don't build enough houses and let the young fight it out. Meanwhile the property rich politicians on all sides, Miliband included, can just pick up the resulting paper asset wealth.

http://www.theguardian.com/business/2013/dec/26/britain-europe-top-economy-by-2030

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It's going to be fun watching Conservative and Lib Dem politicians run around the country in early 2015 pointing to ONS spreadsheets that say everything is super while an electorate with pockets full of fresh air looks on with contempt.

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It's going to be fun watching Conservative and Lib Dem politicians run around the country in early 2015 pointing to ONS spreadsheets that say everything is super while an electorate with pockets full of fresh air looks on with contempt.

There could well be a bit of a taster of that in May 2014 with the eu elections.

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This is an old link from last month in the Sunday Times. I note they were even more bullish at 4% growth.

Seems we might be getting an old fashioned post recession style bounce which always catches forecasters out and which were experienced after previous recessions.

Moreover Carney and Osborne are engineering an old fashioned boom based on mispricing debt.

http://www.thesundaytimes.co.uk/sto/business/Economy/article1361759.ece

Edited by crashmonitor

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