Predictions are not worth much. Everyone predicted UK’s economy will collapse after Brexit. While it certainly has not flourished, it is not any worse than before.
Now, what about the other “major powers” which are “predicted” to grow their economy? France’s GDP per capita has peaked in 2008, and never recovered since then. Italy? Same. Spain? Same. Belgium? Only recovered to 2008’s figure in 2021, same as Netherlands, Denmark, Finland. Sweden also only now recently recovered to its peak in 2011.
In fact, the only major EU economies that did not simply recover to their 2008-2011 peaks, but rather grown beyond them, are Germany, Poland and Czechia.
The truth of the matter is that EU economies are deeply stagnant, this is by no means a UK specific problem. There is no reason to predict growth in EU but not in UK.
Now, what about the other “major powers” which are “predicted” to grow their economy? France’s GDP per capita has peaked in 2008, and never recovered since then. Italy? Same. Spain? Same. Belgium? Only recovered to 2008’s figure in 2021, same as Netherlands, Denmark, Finland. Sweden also only now recently recovered to its peak in 2011.
In fact, the only major EU economies that did not simply recover to their 2008-2011 peaks, but rather grown beyond them, are Germany, Poland and Czechia.
The truth of the matter is that EU economies are deeply stagnant, this is by no means a UK specific problem. There is no reason to predict growth in EU but not in UK.