Oops - Eurozone now officially in recession, while Brexit Britain still grows

Latest official figures show yet again that the UK dodged a bullet

Montage © Facts4EU.Org 2023

Brexit Facts4EU summarises the bad news for those who want to rejoin the EU

On Thursday the data from the EU’s official statistics agency revealed the Eurozone as a whole has fallen into recession. This is the technical definition when an economy contracts for two consecutive quarters, which is what the Eurozone has now done.

Naturally the EU Commission’s agency ‘finessed’ the announcement and issued a long statement which diverted onto other matters such as employment. The simple fact is that the Eurozone is now in recession.

Brexit Facts4EU.Org Summary

The Eurozone is now officially in recession

Q4 2022 : -0.1% (revised down from initial estimate)
Q1 2023 : -0.1% (revised down from initial estimate)

Brexit Britain is still growing

Q4 2022 : +0.1%
Q1 2023 : +0.1%

[Sources : Eurostat and the UK’s Office for National Statistics.]

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If the UK re-joined tomorrow it would join a Eurozone in a recessionary bloc

Our readers are well aware that for the United Kingdom to rejoin the European Union it would have to become part of the Eurozone, adopting the Euro as its currency. This is the same for all applicant countries and would equally apply to Scotland should it ever vote to leave the United Kingdom and apply to become a colony of the EU.

On Thursday we learnt that if the UK were to rejoin the EU tomorrow, it would be joining a Eurozone in recession.

As we reported one week ago, since the EU Referendum the UK’s economy has grown faster than that of Germany, the EU’s ‘economic powerhouse’.

Just like the UK’s OBR, the EU Commission does not have a good track record on forecasting

It was only last month that the EU Commission predicted growth for the rest of this year across the eurozone. As of the time of this report, the Commission has yet to comment on the latest disappointing figures.

Economic development in eurozone countries varied. The sharpest decline was registered in Ireland with a drop of 4.6%.

Observations

The propaganda machine that is Brussels clearly had a problem on Thursday. The raw numbers showed the Eurozone in recession. Did that word appear anywhere in any statements? It did not.

Instead they produced an unusually lengthy report which wittered on about things such as employment and labour productivity. Fortunately readers have the Brexit Facts4EU.Org team to cut through the propaganda.

What a shame the BBC, Sky News, and ITN hasn’t reported on this.

We must get reports like this out there

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[ Sources: EU Commission | Office for National Statistics ] Politicians and journalists can contact us for details, as ever.

Brexit Facts4EU.Org, Sat 10 June 2023

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Reader Comments 10

1. Sparky , Saturday, June 10, 2023, 06:53:

And the UK has the highest inflation in the G7. Highest in the G20 apart from Argentina and Turkey.
.
Meanwhile the man that led the campaign for Brexit has reigned as an MP before the inquiry into party gate is published.

2. Gazzablack , Saturday, June 10, 2023, 07:49:

Oh dear sparky, you're not too observant are you?
Inflation is coming down.
The data for the EU nations in the G20 were dated May 23
The data for the UK was dated April 23
Measured at the same time and UK inflation would compare more favourably against the EU
.
And inflation in the EU (particularly food inflation) has been higher than in the UK for a significant period.
.
It's also worth noting that consumer spending has held up much better in the UK than the EU.

3. LuxuryBalloon , Saturday, June 10, 2023, 08:17:

I am not surprised the EU economy is falling of a cliff after Putin turned off the gas taps.

4. Ashley Great Britain , Saturday, June 10, 2023, 08:23:

And we all know that in reality the contraction is probably more like -0.2 or -0.3 but the commission could only bring its self to publish -0.1
Even with covid and Ukraine how can the UK be outperforming 27 nations.
It's tangible that the Eu's problems are becoming more serious as the months tick on.
Germany are now talking about exporting their illigal migrants to rawanda. Will there be cries of outrage from the arch Bishop of Canterbury or the woke establishment, of course not. Its alright for them to want to sort their immigration problem.

5. NH , Saturday, June 10, 2023, 08:57:

1. Sparky , "And the UK has the highest inflation in the G7"
High employment, a growing economy, consumer confidence create inflation. Unemployment, recession, depressed consumers reduces inflation. You clearly want the European experience.
.
1. Sparky , "Meanwhile the man that led the campaign for Brexit has reigned as an MP before the inquiry into party gate is published"
Boris Johnson has not be removed by the electorate. They voted for him in huge numbers with full knowledge of his flaws. He has been removed the "European Way", by ignoring the electorate and not giving them a choice.

6. Gazzablack , Saturday, June 10, 2023, 09:46:

Greetings from Germany where the industrialisation continues.
High energy prices and rigid rules are hurting Germany's industry.
Companies have begun to relocate their production or build new plants abroad.

7. Ashley Great Britain , Saturday, June 10, 2023, 09:49:

5,NH
-
And thats the problem when you have an infiltrated system working to a different agenda.
They can remove people they dislike at will. For example lizz truss had some great drive to do what is right for the country, To lower inflation and help the economy , To fixing our economic migrant problem, All things the establishment don't really want, Or want only on their terms.
Now we're stuck with a fake leaver and a hard core remainer as 2ic.
The EU still have a big foothold in our nation and we need to change that from within as they did.
It's obvious their's high level capitulation between those in power and the EU.
They have designed Brexit to be as weak as possible, Easy to do with all the puppets in your pocket.

8. Major Graham Lear , Saturday, June 10, 2023, 12:38:

Ashley Great Britain
I know for a fact that where I live which was a staunch Labour stronghold Labour got thrashed at the last GE and the people only voted for the Conservative new MP because Boris Johnson was the then PM.
I had the MP who won standing on my doorstep which was quite novel in its own right asking me if I had any questions as to his suitability to be our new MP. I asked him outright as to his opinion on Brexit as the area voted I think 68%to leave the EU. He stood there and blatantly lied to my face saying he voted for Brexit (which we only have his word that he did)
His lies on Brexit came to light one day in Parliament when he stood up and attacked Johnson, what followed next in the coming weeks was that he was the first to put a letter in to remove Johnson. I then in an Email to him blasted him and let him know that I now did not believe what he told me on my doorstep and again he sent me a reply Email telling me he was not telling lies over Brexit and that he still supported Brexit.
What happened next was actualy mind-numbing because the moment Jonhson resigned he is photographed laughing and slapping Tom Tugendhat the biggest Remainer/Rejoiner who has a wife who works for the Macron Government on the back and voted for him to become
PM. One more MP in the City next to the Town I live in who got in as an MP on the back of saying she voted for and wanted Brexit also voted for Tugendhat.
Snakes in the grass the pair of them and how many more have there been who infiltrated the red wall to get elected?
Both of them will not get elected again of that I am quite sure and my MP had better not step on my doorstep again. He won't like what I will be saying which will be captured on my door camera which will go out to the nation the moment I retrieve the footage.

9. Have You Wondered , Saturday, June 10, 2023, 16:52:

.
Here are just a snippet of the symptoms of the EU recession. And all because of Brexit.........
.
Search: belgium/541530/more and more belgians shop in french pharmacies
"French cross-border pharmacies have never served as many Belgian customers as today, a report by RTBF shows. Many Belgians are making the journey to take advantage of lower prices, a wider range of products and well-stocked shelves."
Search: belgium/543464/healthcare staff on verge of collapse survey shows
Search: belgium 541569 federal government proposes one off e22650 pension payment for three years extra work
Search: belgium 539856 rubbish to be collected once a fortnight in some parts of liege
.
Is Brexit the problem?
.

10. Have You Wondered , Saturday, June 10, 2023, 17:41:

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Ooops! Mentioned another newsfeed. Sorry.
.
Recession might be the least of the EU problem?
.
Sign of another dam about to breach?
.
Search: eu affairs 545447 belgian man demands von der leyens dismissal and e100000 in eu court
"Belgian man demands von der Leyen's dismissal and €100,000 in EU court"

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