NEW: “Brexit Britain fastest-growing economy in G7… AGAIN,” admits IMF
Anti-British, anti-Brexit IMF forced to admit UK will grow fastest for second year running
Montage © Facts4EU.Org
Facts4EU.Org and CIBUK.Org summarise the latest bi-annual ‘IMF World Economic Outlook’
Twice a year the International Monetary Fund publishes its highly detailed ‘World Economic Outlook’. Yesterday’s release clearly shows Brexit Britain as the fastest-growing economy in the G7 in 2022.
It will also grow faster than the “World average”, as well as growing faster than the average of the group of “Advanced Economies” and the group of “Other Advanced Economies”.
This comes on the back of the results for last year, 2021, when Brexit Britain was the fastest growing economy in the G7. And all of this comes from the (Paris-based) organisation that has “a mandate to oversee the international monetary and financial system“ and which predicted economic Armageddon if the British people voted for Brexit.
Facts4EU.Org and CIBUK.Org are proud to present a summary of the official factsBrexit Facts4EU.Org Summary
United Kingdom – growth in GDP compared to the other G7 countries
1. IMF forecasts Brexit Britain to grow fastest this year (2022)
- UK GDP growth forecast 2022 : 3.6%
- Faster than any other G7 country
- Faster than the “World average” : 3.2%
- Faster than the average of the group of “Advanced Economies” : 2.4%
- Faster than the group of “Other Advanced Economies” : 2.8%
[Source: IMF World Economic Outlook, released Tues 11 Oct 2022.]
© Brexit Facts4EU.Org 2022 - click to enlarge
2. IMF shows Brexit Britain was the best-performing major economy last year (2021)
- UK GDP growth in 2021 : 7.4%
- Faster than any other G7 country
- Faster than the “World average” : 6.0%
- Faster than the average of the group of “Advanced Economies” : 5.2%
- Faster than the group of “Other Advanced Economies” : 5.3%
[Source: IMF World Economic Outlook, released Tues 11 Oct 2022.]
© Brexit Facts4EU.Org 2022 - click to enlarge
Commenting exclusively on our report today, former Secretary of State and former Single Market Minister, the Rt Hon Sir John Redwood MP, said:
"Good news that the IMF thinks the UK is the fastest growing major economy this year.
"Also good news the IMF rightly thinks inflation will tumble next year. The challenge for the government is to avoid the recessions the IMF thinks will hit some advanced countries next year."
- The Rt Hon Sir John Redwood MP, Wed 12 Oct 2022
None of this was supposed to happen, according to “the experts”
In early 2016, the IMF was one of many organisations roped in by Prime Minister David Cameron and Chancellor George Osborne to scare British people rigid about what would happen if they voted to leave the European Union.
IMF's support for Project Fear
Christine Lagarde, the Frenchwoman who was then the President of the IMF and who is now President of the European Central Bank, dutifully obliged the British Government.
The consequences of a Leave vote she said, would range from
“pretty bad, to very, very bad.”
The IMF said in a report on the UK economy before the Referendum that a Leave vote could have a "negative and substantial effect". It had previously said that such an outcome could lead to "severe regional and global damage".
They added that a Brexit vote would result in a "protracted period of heightened uncertainty" and could result in a sharp rise in interest rates, cause volatility on financial markets, and damage London's status as a global financial centre.
How has the BBC reported this news about the UK surpassing the world?
Below is a screengrab we took of the BBC’s news website at 4am this morning.
© BBC
We would encourage BBC journalists to read our report above, then read our report on 04 Oct 2022, (only a week ago), demonstrating that prices are in fact rising faster in the EU than in the UK.
Observations
The British people can easily be forgiven for thinking that all economic news is bad. This is what they are fed, relentlessly, day in and day out, by the broadcast media and by some journalists in the press.
Above we have presented the official headline facts from the IMF’s latest World Economic Outlook. In order to reach the maximum number of people we have produced two of our famous “at-a-glance” charts to illustrate this.
Are all the IMF’s forecasts in its report yesterday good? No. The IMF is heavily invested in the “Brexit Britain bad” narrative. However this cannot - and should not - deflect from the headline news in their report. Even they can’t hide this.
We leave readers with the thought that “Brexit Britain bad” should perhaps be re-labelled as “Brexit Britain ain’t doing half bad”.
We kindly ask readers not to skip what follows
Only a tiny fraction of our readership make any payment for the services we provide, and it's just not enough to keep us going. We are a 'not for profit' team (we make a loss) and any payment goes towards the actual work, not plush London offices, lunch or taxi expenses, or other luxuries of some organisations.
We badly need more of our thousands of readers to become members, to support this work. Could this be you, today? Maybe you've been thinking about it, but just haven't got around to doing it? If so, let us reassure you. It's quick and easy and we use two highly secure payment providers. And we do NOT ask you for further support if you pay once - we just hope that you keep supporting us. Your membership stays anonymous unless you tell us otherwise.
Please don't assume that other people will keep us going - we don't receive enough to survive and we need your help today. Could you help us?
Most of our readers are well-informed and appreciate our fact-based articles, presented in a way you won't see anywhere else. We have far more to do in researching, publishing, campaigning and lobbying Parliament than we have in terms of the financial resources to fulfil these tasks. We badly need funding to continue - we rely 100% on public contributions from readers like you.
If you believe in a fully-free, independent, and sovereign United Kingdom, please join now. It’s quick, secure, and confidential, and you can use one of the links below or you can use our Support page here. You will receive a personal, friendly ‘thank you’ from a member of our team within 24 hours. Thank you for reading this.
[ Sources: International Monetary Fund | BBC report from this morning ] Politicians and journalists can contact us for details, as ever.
Brexit Facts4EU.Org, Wed 12 Oct 2022
Click here to go to our news headlines
Please scroll down to COMMENT on the above article.
And don't forget to actually post your message after you have previewed it!
Since before the EU Referendum, Brexit Facts4EU.Org
has been the most prolific researcher and publisher of Brexit facts in the world.
Supported by MPs, MEPs, & other groups, our work has impact.
We think facts matter. Please donate today, so that we can continue to ensure a clean Brexit is finally delivered.
Paypal Users Only - Choose amount first
Quick One-off
Monthly
Something to say about this? Scroll down for reader comments