In response to the following BBC article, quote:

UK expected to be only major economy to shrink in 2023 - The UK economy will shrink and perform worse than other advanced economies, including Russia, as the cost of living continues to hit households, the International Monetary Fund has said.

https://web.archive.org/web/20230131123012/https://www.bbc.com/news/business-64452995

Source of the take: https://knockout.chat/thread/45630/1#post-1657405

  • hexaflexagonbear [he/him]
    ·
    1 year ago

    I think it's a mixture of every economy (except apparently the UK) being overheated after covid restrictions ease, demand for Russian gas not really dropping (only the prices increasing) , and wartime mobilization means increased production and more money circulating in the economy.

    • WhatDoYouMeanPodcast [comrade/them]
      ·
      1 year ago

      Oh shit! Does UK being out of the EU mean that they got memed out of economic growth?

      But economic growth sounds kind of gross if it's a bunch of fossil fuels choking the skies and cheap plastic choking the oceans. :agony-deep: