Brexit vindicated: IMF pulls rug from under Project Fear as UK outdoes EU’s top economies

Farage praises ‘big victory for Brexit Britain’

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The International Monetary Fund (IMF) publishes its “World Economic Outlook” twice every year, which details a number of measures, including predicted growth of the world’s economies. Facts4EU.Org has now crunched the numbers and revealed yet another massive boost for Brexit Britain less than a year after formally leaving the European Union. The research firm has compared the UK to the top five EU economies with the largest forecast growth in 2021.

It shows Brexit Britain topping the table with projected growth of 6.76 percent – more than double that of Germany (3.05 percent) – the EU’s largest economy.

Following the UK in this list is France (6.29 percent), Italy (5.77 percent), Spain (5.74 percent) and the Netherlands (3.77 percent).

EU economies combined are predicted to grow at an average of 5.10 percent, while this number dips even further for the Eurozone (5.04 percent).

Looking ahead to 2022, the IMF has again forecast Brexit Britain will outperform the whole EU27 and the entire Eurozone.

Facts4EU.Org has compared the UK’s growth to that of the 27 EU member states combined and the Eurozone.

Brexit Britain once more tops this table, with growth forecast at 5.01 percent in 2022, while this again falls for the EU27 (4.44 percent) and the Eurozone (4.35 percent).

The research firm has also been quick to destroy the notion the UK economy didn’t perform as expected last year.

It claimed many seized on the country’s drop last year as a result of the ongoing Covid pandemic, but failed to take into account the difference in the way the UK records GDP compared to EU countries.

Facts4EU.Org explained a key elements of the UK’s drop in GDP in 2020 had been due to the way it records the health sector as part of its economy.

The EU27 measure this by expenditure, meaning if millions of medical personnel throughout the bloc are at home on full salaries, GDP is unaffected because the expenditure remains fairly constant.

But in the UK, the contribution of the health sector to GDP is largely measured by output, and not expenditure.

The research firm explained that with fewer GP appointments, hospital appointments, and operations, this triggered a large drop in the health sector’s contribution to the overall GDP figure.

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Facts4EU.Org said its report analysing the latest economic boost for Brexit Britain is yet more vindication the vote to leave the EU was absolutely the correct one.

It concluded: “Yes, the forecasts of economic doom and gloom undoubtedly swayed many voters to vote Remain out of fear, but this was not enough to overturn the overwhelming desire of the British people to take back control of their country.

“We have never been fans of economic forecasts as they seldom turn out to be accurate, but perhaps what is sauce for the goose won’t be inappropriate for the gander, in this case.”

Facts4EU.Org’s report above is yet one more vindication of the vote to make the United Kingdom an independent, sovereign nation once again.

“Not only has the UK regained some of its independence, (there is of course more work to be done on this), but the economic figures do not look too shabby either.

“For the IMF to forecast UK growth this year being more than double that of the EU’s economic powerhouse Germany will, we hope, be reassuring to millions of British people.”

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