Germany currently "sick man of Europe"

Cant help noticing that the thread is about Germany being the sick man of Europe. Yet as predictable as ever, you completely ignore the OP and tediously start ranting about Brexit. You're becoming something of a joke, a figure of fun. Do yourself a favour, try and lighten up.

Oh dear Steven, raise your game there's a good chap. The OP says 'Germany’s recession makes a mockery of myopic Remoaners'. 

That means Germany the powerhouse of the EU is in economic shite, but the BBC and remoaners don't want to talk about it. 

Cant help noticing that the thread is about Germany being the sick man of Europe. Yet as predictable as ever, you completely ignore the OP and tediously start ranting about Brexit. You're becoming something of a joke, a figure of fun. Do yourself a favour, try and lighten up.

Germany’s recession makes a mockery of myopic Remoaners


It is wrong to suggest that Brexit has turned Britain into the sick man of Europe



Conspiracy theorists interpret everything negative that happens, from terror attacks to bank failures, as being the result of a singular gang of nefarious agents.



Yet though they represent an extreme, it is commonplace for human beings to cling onto a singular explanation – usually one that they find emotionally appealing – and use it to explain a range of unrelated phenomena.



In psychology this is known as "confirmation bias" and is characterised by latching onto an emotionally charged event, group or person and assigning blame to this for subsequent negative events.



We have seen in Brexit one of the most dramatic instances of confirmation bias in living memory. It certainly fit the bill as an emotionally charged event. Extreme emotional investment in political happenings is usually thought of as an American phenomenon. The British are regarded as a colder, more detached bunch. But Brexit changed all that.



People, often highly educated, who were passionately opposed to the decision to leave the European Union became completely obsessed by it. (Note: Gnome, Kim and Darling)


This has led to real problems when assessing our economic situation. Britain is suffering some serious ails, many of which are long-standing and go back decades. But since the cracks really started to appear after the lockdowns, many have found it simpler to pin blame on the 2016 referendum.



As events unfold, however, the “Project Fear is becoming Brexit Reality” narrative is becoming harder and harder to maintain.



This week, Germany fell into a technical recession, with GDP contracting in the final quarter of 2022 and again in the first quarter of 2023. Around the same time, the IMF revised its forecasts, stating that Britain will not be facing a recession this year.



Last time I checked, Germany remains in the European Union, yet it experienced a technical recession before Britain.



Economists should caution the public against following the news feed too carefully when trying to assess big economic shifts (note to Gnome grabbing the latest myopic headline for a thread!), but the recent headlines certainly cast doubt over the Remainer belief that Britain is slipping behind because Brexit has been an unmitigated failure.


www.telegraph.co.uk/business/2023/05/26/germanys-recession-makes-a-mockery-of-myopic-remoaners/


Germany is in a recession the UK is not. Germany is in the EU the UK is not.

Should we blame Germany's recession on Brexit as well?

That's not me ranting that's the headline of the article. doh.

Interesting that Germany is in a recession ( Germany is in the EU ), and the UK is not in a recession ( the UK is not in the EU ).

France is not in recession, neither is Poland, Italy, Ireland, Spain, Malta, Estonia, Lithuania, Sweden, Latvia, Bulgaria, Cyprus, Hungary or Romania. ( all are in the EU ).

[published at noon today] .... Moody's predicts 'mild recessions' in the US, UK, and Germany,
Rating agency Moody’s has predicted there will be “mild recessions” in the US, UK, and Germany.

In a new report, Moody’s warns that tight financing conditions will lead to “a downshift” in global economic growth in the second half of this year, and also slow the recovery in 2024.

Moody’s predicts that the UK economy will contract by 0.1% this year, as the economy suffers from rising prices and high interest rates.

They predict that the Bank of England will raise interest rates by another quarter of one percent, to 4.75%, and keep monetary policy tight over the coming years, hitting spending and investment.