The International Monetary Fund (IMF) — a globalist, anti-sovereignty entity — has forecast bumper GDP growth for the United Kingdom following the nation’s departure from the European Union.
IMF numbers claim the UK’s economy will grow by 4.5 percent this year, and by 5 percent in 2022. Britain’s economy shrank at a faster rate than the U.S., Japan, and Canada in 2020 due to overzealous anti-coronavirus lockdown measures.
This is compared with Euro area growth of 4.2 percent and 3.6 per cent for the next two years, with Germany further behind on 3.5 and 3.1 percent.
Even the United States is set to only show 5.1 percent growth in 2021 — a situation already imperilled by newly selected President Joe Biden’s anti-business measures. In 2022 the U.S. economy will grow slower than Britain’s, at a rate of just 2.5 percent.
The news comes as further proof that leaving the European Union was not “falling off the edge of a cliff” as many politicians, economists, and media types suggested in the run up to the historic 2016 referendum.
The numbers also suggest that President Trump’s economic miracle, pre-pandemic, will carry over for Biden, but that the Democrat president will have a tougher time in 2022 as his own policies begin to impact the U.S. economy.
China’s economy is set to grow by around 8 percent, while India remains optimistic for a whopping 11.5 percent gain this year.
Italy is specifically expected to underperform.