werton34
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| Joined: 05 Aug 2009 |
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| 16 Sep 2011 02:23 PM |
| I was just looking at some charts, and Britain is expected to be the largest economy in Europe by 2030 04 50 or something, and I was looking at our disappointing growth rates, and I wondered, is it possible? Discuss. |
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12red
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| Joined: 07 Dec 2009 |
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| 16 Sep 2011 02:26 PM |
| i dont lnow all i know is that people better not bail out greece |
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werton34
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| 16 Sep 2011 02:28 PM |
| Oh yes, and back up your contribution with facts and figures. |
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ethanc
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| Joined: 21 Aug 2008 |
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| 16 Sep 2011 02:29 PM |
It is possible but,we'd have to tighten up on immigration. Stop spending pointless money and just deport these money wasting illegal immigrants.
--Too cool for youl--- (Is Youl a word?....I think so...) |
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Warrab
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Branch14
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Person299
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| 16 Sep 2011 04:07 PM |
It's possible, won't necessarily happen though.
~IT'S FREEEEEEE!!!! |
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| 16 Sep 2011 04:11 PM |
| You would get it from immigrants. |
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Twigs180
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| 16 Sep 2011 11:29 PM |
| Doubtful, because for the UK to increase its economy, it is going to have to become a financial trading power, IE A consumerist nation, and to do that, it would have to feed the German and Dutch giants. |
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werton34
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| 17 Sep 2011 08:38 AM |
| Germany is in decline, though. |
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Twigs180
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| 17 Sep 2011 01:35 PM |
This came out thursday.
The European commission has cut its 2011 growth forecast for the UK to just 1.1%, as it warned that output across the troubled eurozone will come to a virtual standstill by the end of the year.
Brussels said a slowdown in the global economy and the impact of the sovereign debt crisis affecting the single currency would weaken Britain's economic activity in the second half of the year.
Following the meagre 0.2% rise in output in the nine months to June 2011, the commission said it was cutting its growth forecast for the UK economy from the previous estimate of 1.7%.
George Osborne has already admitted that he will be forced to lower his own growth estimates for the UK from 1.7% when he makes his autumn statement on the economy in late November. Thursday's report from the commission chimes with the view of many analysts in the City.
Brussels said it still expected growth in the eurozone to be 1.6% this year, with stronger than anticipated activity in the first half of 2011 providing a cushion for a slowdown in the second half of the year.
"The outlook for the European economy has deteriorated. Recoveries from financial crises are often slow and bumpy," economic and monetary affairs commissioner Olli Rehn said.
"The EU economy is affected by a more difficult external environment, while domestic demand remains subdued. The sovereign debt crisis has worsened, and the financial market turmoil is set to dampen the real economy," he added.
In its half-yearly forecasts, the commission said Germany would act as the main engine for eurozone growth, with Europe's biggest economy now expected to expand by 2.9% this year, up on the previous 2.6% forecast. Growth in France, the Netherlands and Italy will, however, be weaker than envisaged.
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werton34
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Twigs180
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| 17 Sep 2011 01:40 PM |
And this matters how?
If anything that means we can have a lower reliance on British and Dutch and Russian Energy Imports, which means crap economies for you. |
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werton34
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| 17 Sep 2011 01:41 PM |
Population = workforce.
But the UK is said to be the largest economy and largest population in Europe by 2050 or whatever. |
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Twigs180
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| 17 Sep 2011 01:46 PM |
Where?
If anything, you are becoming a crap shoot of a nation. Financial nations usually have to ride the coat tails of a more powerful producer nation, IE Germany. Germany is the main supplier of goods to the UK, any rise would result in the rise in Germany. Besides, Germany is already the most industrial country in the EU, and to reach its scale, it would take 100 or so years. |
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werton34
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| 17 Sep 2011 01:50 PM |
| The UK has a very advanced services sector, and with thousands more offices coming, the UK can service its way. |
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Yobobo10
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| 17 Sep 2011 01:52 PM |
| Depends, if the Eurozone goes under, then larger economies like Germany have more to lose, and with some miracle of holy proportions, maybe we could end up top trumps. |
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Twigs180
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| 17 Sep 2011 01:57 PM |
The UK has a very advanced services sector, and with thousands more offices coming, the UK can service its way. - Want to know how China rose to power?
America became service based, and with a large serviced base economy, you need to use another country to produce things, which Germany can and does do. Secondly, lets think about it like this, Germany is mixed. It has service and it has industrial. Its a win win. Focusing on one area tanks economies, and that is why the world is so screwed atm. |
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werton34
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| Joined: 05 Aug 2009 |
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| 17 Sep 2011 01:58 PM |
| UK has industry, I know that because 4 miners died yesterday. |
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Yobobo10
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| 17 Sep 2011 01:59 PM |
| ^That's about 10% of the British mining population down the Loo. |
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werton34
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werton34
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| 17 Sep 2011 02:00 PM |
| When the Euro goes, Germany goes with it, IMHO. |
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Twigs180
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| 17 Sep 2011 02:05 PM |
| Why? If the Euro goes, Germany will lose some, but nothing much. Germany is a prime freaking trade partner throughout the world, and just because you lose a single currency with only bolster German banks as people will invest in new industry inside Germany, especially with the new green boom. |
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Yobobo10
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| Joined: 14 Oct 2009 |
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| 17 Sep 2011 02:08 PM |
| It will lose the most of the non- crappy economies, due to ownership of bonds of the likes of Greece and Italy, will that really affect them that much? Probably not. |
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