Snapshot of _UK growth set to be slowest of richest nations in 2025, says OECD_ :
An archived version can be found [here](https://archive.is/?run=1&url=https://www.bbc.co.uk/news/articles/cq5n2d8en8wo) or [here.](https://archive.ph/?run=1&url=https://www.bbc.co.uk/news/articles/cq5n2d8en8wo)
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IMF forecast for 2025 released mid April - https://www.imf.org/en/Publications/WEO/Issues/2024/04/16/world-economic-outlook-april-202
G7.
Canada 2.3%.
USA 1.9%.
U.K. 1.5%.
France 1.4%.
Germany 1.3%.
Japan 1.0%.
Italy 0.7%.
They’re using the OECD because they were released today, so it is relevant. I was just providing the IMF numbers to show an alternative range of forecasts, one in which we’re ahead of all the big economies in Europe.
By nominal GDP alone then they are listed as
China: 2
India: 5
UK: 6
Saudi Arabia: 19
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)#Table
By GDP (PPP)
China: 1
India: 2
UK: 9
Saudi Arabia: 17
Those 3 are part G20, which is increasingly becoming more relevant.
Both China and India are higher than us, despite a lower GDP per capita, and I certainly wouldn't call Saudi Arabia poor given their oil wealth and investments.
China is a middle income country, and India is still a poor developing one. The article is about rich countries in the OECD and I added the G7 IMF forecast which forecasts Britain not at the bottom of the list, but ahead of similar nations in Europe.
Rich countries isn’t just about Nominal GDP or even purchasing power. Neither China nor India is considered a fully developed rich country because their per capita incomes are low as hell.
Snapshot of _UK growth set to be slowest of richest nations in 2025, says OECD_ : An archived version can be found [here](https://archive.is/?run=1&url=https://www.bbc.co.uk/news/articles/cq5n2d8en8wo) or [here.](https://archive.ph/?run=1&url=https://www.bbc.co.uk/news/articles/cq5n2d8en8wo) *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ukpolitics) if you have any questions or concerns.*
It's general stagnation across the industrial nations right? So what ends the stagnation? War, climate, AI?
A normal economic cycle, without war or plague.
War, my guess is US involvement in Gaza.
I mean it’s terrible what happens there but the economic importance is null
IMF forecast for 2025 released mid April - https://www.imf.org/en/Publications/WEO/Issues/2024/04/16/world-economic-outlook-april-202 G7. Canada 2.3%. USA 1.9%. U.K. 1.5%. France 1.4%. Germany 1.3%. Japan 1.0%. Italy 0.7%.
And why are they using OECD numbers? Because they will use whatever number makes the UK look worst. They always do.
They’re using the OECD because they were released today, so it is relevant. I was just providing the IMF numbers to show an alternative range of forecasts, one in which we’re ahead of all the big economies in Europe.
first time the imf does us a solid
Outside the G7 India: 6.5% Saudi Arabia: 6.0% China: 4.1%
The article is about rich countries. None of those are in the G7, or the OECD.
By nominal GDP alone then they are listed as China: 2 India: 5 UK: 6 Saudi Arabia: 19 https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)#Table By GDP (PPP) China: 1 India: 2 UK: 9 Saudi Arabia: 17 Those 3 are part G20, which is increasingly becoming more relevant. Both China and India are higher than us, despite a lower GDP per capita, and I certainly wouldn't call Saudi Arabia poor given their oil wealth and investments.
China is a middle income country, and India is still a poor developing one. The article is about rich countries in the OECD and I added the G7 IMF forecast which forecasts Britain not at the bottom of the list, but ahead of similar nations in Europe.
>By nominal GDP alone then they are listed as That's not what makes a country rich.
Rich countries isn’t just about Nominal GDP or even purchasing power. Neither China nor India is considered a fully developed rich country because their per capita incomes are low as hell.
This is based on real GDP which also includes inflation projections. The likelihood of these estimates being correct is rather low.
Both the IMF and OECD are Real GDP forecasts.
Compared to the ever accurate OECD?
I'll wait for them to be inevitably revised up.