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Just because countries are of a similar size in a similar region, they do not necessarily have a similar economic model or growth rates. Better doppelg\u00e4nger countries may be found elsewhere by the algorithm. Indeed, the UK\u2019s growth rate between the introduction of the euro in 1999 and 2016 was markedly different to France, Germany and Italy\u2019s. It was far closer to that of the US.<\/p>\n
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“,”elementId”:”b4c891e1-0026-4544-9d08-272e530df2e6″}],”attributes”:{“pinned”:false,”keyEvent”:true,”summary”:false},”blockCreatedOn”:1671702850000,”blockCreatedOnDisplay”:”04.54\u00a0EST”,”blockLastUpdated”:1671705294000,”blockLastUpdatedDisplay”:”05.34\u00a0EST”,”blockFirstPublished”:1671704591000,”blockFirstPublishedDisplay”:”05.23\u00a0EST”,”blockFirstPublishedDisplayNoTimezone”:”05.23″,”title”:”Rees-Mogg dismisses analysis saying UK GDP is 5.5% lower than it would have been without Brexit as ‘absurd'”,”contributors”:[],”primaryDateLine”:”Thu 22 Dec 2022 12.21 EST”,”secondaryDateLine”:”First published on Thu 22 Dec 2022 04.36 EST”},{“id”:”63a425cf8f085ce9739c38d7″,”elements”:[{“_type”:”model.dotcomrendering.pageElements.TextBlockElement”,”html”:”<\/p>\n
The UK is currently the worst-performing G7 nation in terms of quarterly economic growth, my colleague Graeme Wearden<\/strong> writes on his business live blog. He says:<\/p>\n“,”elementId”:”09db6073-f858-41bb-bcd4-00394c56a799″},{“_type”:”model.dotcomrendering.pageElements.BlockquoteBlockElement”,”html”:”<\/p>\n
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The 0.3% contraction in UK GDP in Q3 reported this morning<\/a> is worse than Japan\u2019s<\/strong> 0.2% fall in GDP, while Canada<\/strong> and the US<\/strong> both expanded pacily, by around 0.7%.<\/p>\n n <\/p>\n
France<\/strong> (+0.2%), Germany<\/strong> (+0.4%) and Italy<\/strong> (+0.5%) all grew in July-September too.<\/p>\n n<\/p><\/blockquote>\n
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Rachel Reeves,<\/strong> the shadow chancellor, claims this shows the Tories have lost control of the economy.<\/p>\n“,”elementId”:”7e6fef1f-1990-4f77-b89d-28d48e143404″},{“_type”:”model.dotcomrendering.pageElements.TweetBlockElement”,”html”:”<\/p>\n