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I was searching and thinking a little about GDP growth in Europe and Japan. Firstly it was about Brexit, but some things grabbed my attention. So, after the numbers of quaterly GDP from UK came out, it's pretty evident to me that UK is performing really bad. As you can se in the IMF projections(July), UK is expected to grow 0.4% in this year, worse than most EU countries and Eurozone. That is surprising when considering UK peformed pretty well in the past decade, growing almost as much US did(for sure you know US grow more than EU). Althogh, I notice that Japan is also doing pretty well. IMF projection put Japan with a GDP growth of 1.4%, but there is more. Rough Japan GDP numbers aren't impressive, but GDP per capita pretty much are, since it has a declining population. In past decade, Japan GDP per capita grew at a similar rate of EU, showing that they weren't that stagnant as in the 20 years before that, but this time, Japan is projected to outperform US in per capita growth. So what are your thoughts about this? It's just short lived or some trend that has started with Japan? Also, what impacts Brexit has caused in Britain? It was really that bad?
Senhox
10 months ago
Test for Chat GPT (I want too)- You've brought up some interesting observations about GDP growth and performance in the UK, Japan, and the EU. Let's break down your points and discuss each aspect:
UK's Recent Performance: It's true that the UK's GDP growth has been sluggish in recent years, particularly in the aftermath of the Brexit referendum and the subsequent negotiations. The uncertainty surrounding Brexit, changes in trade relationships, and disruptions to supply chains have likely contributed to this slower growth. The UK's economy has also been impacted by the ongoing effects of the COVID-19 pandemic, which have affected many countries around the world.
Comparing UK and EU Growth: While the UK had shown strong economic growth in the past decade, the recent challenges, including Brexit-related issues and pandemic repercussions, have had a negative impact on its growth trajectory. The differences in growth rates between the UK and some EU countries could be attributed to various factors, including the specific industries and sectors driving growth in each country, policy decisions, and external economic conditions.
Japan's Performance: Japan's economic performance is unique due to its demographic situation. A declining population can indeed contribute to a higher GDP per capita, as the available economic output is distributed among fewer people. Additionally, Japan has been implementing various economic policies and structural reforms to address its demographic challenges, which might be contributing to its relatively better GDP per capita growth compared to previous years.
Long-Term Trends: Japan's situation might be indicative of a broader trend in aging economies, where countries with declining populations focus on maximizing productivity and innovation to sustain economic growth despite demographic challenges. It's important to note that Japan's experience might not be directly comparable to other economies, given its specific circumstances and policy responses.
Brexit's Impact: The impacts of Brexit on the UK's economy have been complex and multifaceted. While the long-term effects are still unfolding, some immediate impacts included disruptions to trade flows, changes in regulations, and uncertainty affecting investment decisions. Certain industries, such as financial services and manufacturing, were particularly vulnerable to these changes. However, it's worth mentioning that the full extent of Brexit's impact may take years to become clear, as the economy adjusts to the new trade relationships and regulatory environment.
In summary, the economic performances of the UK, Japan, and the EU are influenced by a multitude of factors, including domestic policies, global economic conditions, demographic trends, and specific challenges like Brexit and the COVID-19 pandemic. While Japan's relatively strong GDP per capita growth amidst a declining population is intriguing, whether it represents a broader trend or a short-lived phenomenon remains to be seen. It's always important to consider a range of factors when analyzing economic trends and making comparisons between different countries.
Kamil Dec
10 months ago
Test for Chat GPT (I want too)-
You've brought up some interesting observations about GDP growth and performance in the UK, Japan, and the EU. Let's break down your points and discuss each aspect:
UK's Recent Performance: It's true that the UK's GDP growth has been sluggish in recent years, particularly in the aftermath of the Brexit referendum and the subsequent negotiations. The uncertainty surrounding Brexit, changes in trade relationships, and disruptions to supply chains have likely contributed to this slower growth. The UK's economy has also been impacted by the ongoing effects of the COVID-19 pandemic, which have affected many countries around the world.
Comparing UK and EU Growth: While the UK had shown strong economic growth in the past decade, the recent challenges, including Brexit-related issues and pandemic repercussions, have had a negative impact on its growth trajectory. The differences in growth rates between the UK and some EU countries could be attributed to various factors, including the specific industries and sectors driving growth in each country, policy decisions, and external economic conditions.
Japan's Performance: Japan's economic performance is unique due to its demographic situation. A declining population can indeed contribute to a higher GDP per capita, as the available economic output is distributed among fewer people. Additionally, Japan has been implementing various economic policies and structural reforms to address its demographic challenges, which might be contributing to its relatively better GDP per capita growth compared to previous years.
Long-Term Trends: Japan's situation might be indicative of a broader trend in aging economies, where countries with declining populations focus on maximizing productivity and innovation to sustain economic growth despite demographic challenges. It's important to note that Japan's experience might not be directly comparable to other economies, given its specific circumstances and policy responses.
Brexit's Impact: The impacts of Brexit on the UK's economy have been complex and multifaceted. While the long-term effects are still unfolding, some immediate impacts included disruptions to trade flows, changes in regulations, and uncertainty affecting investment decisions. Certain industries, such as financial services and manufacturing, were particularly vulnerable to these changes. However, it's worth mentioning that the full extent of Brexit's impact may take years to become clear, as the economy adjusts to the new trade relationships and regulatory environment.
In summary, the economic performances of the UK, Japan, and the EU are influenced by a multitude of factors, including domestic policies, global economic conditions, demographic trends, and specific challenges like Brexit and the COVID-19 pandemic. While Japan's relatively strong GDP per capita growth amidst a declining population is intriguing, whether it represents a broader trend or a short-lived phenomenon remains to be seen. It's always important to consider a range of factors when analyzing economic trends and making comparisons between different countries.
Senhox
1 year ago
The Silicon Valley Bank has collapsed. It's the start of an global finantial crisis? You think it has any relation to what WIAH said in the "We're going to have another great depression" video? What are your thoughts?
Possibly. I think theres a likelihood that the house of cards is probably gonna collapse soon which iskinda scary
Jonathan Seed
1 year ago
Possibly. I think theres a likelihood that the house of cards is probably gonna collapse soon which iskinda scary