Italy dips into recession; UK out-performs EU; BBC ignores figures
Something is missing from the BBC’s report on the Italian economy slipping into recession. In the final quarter of 2018, the Italian economy shrank by 0.2%. That followed a 0.1% decline in the third quarter. The BBC tells us:
Growth in the euro area remained at 0.2% in the final quarter of 2018, the same as the previous quarter and in line with analysts’ expectations.
Bad news, then. Time to leave the EU. But hold on because the BBC has more news:
The figures, issued by the Eurostat agency, showed that in the 28-nation EU as a whole, fourth-quarter growth was 0.3%.
That figure includes the UK – which is leaving the EU. But the BBC doesn’t mention the UK’s economy anywhere in its report. It only says:
In contrast to Italy, some other eurozone economies expanded more than expected, with France and Spain posting growth rates of 0.3% and 0.7% quarter-on-quarter respectively.
In the third quarter of 2018, the UK economy grew by 0.6%. The next quarter looks to have produced a rise of 0.4%. Why doesn’t the BBC think this important to mention? Might it have something to do with Brexit, and how Remain-supporting MPs told us a vote for Leave was a vote for a deep recession? George Osborne told us every household would be £4,300 worse off by 2030 if we voted Leave. We didn’t. And we’re not.
Posted: 31st, January 2019 | In: Key Posts, Money, News Comment | TrackBack | Permalink
