‘What about Armageddon Brexit Britain’s economy shoots UP as Eurozone in FREEFALL’
BREXIT BRITAIN’S economy has grown while the Eurozone falls, according to new data.
09:55, Fri, Jul 15, 2022 | UPDATED: 10:59, Fri, Jul 15, 2022
Figures released recently from British and European bodies show the UK, EU and Eurozone are all recovering from the coronavirus pandemic. However, in spite of Brexit warnings, the UK’s GDP growth has outpaced the bloc’s, and has grown beyond pre-pandemic levels.
According to the Office of National Statistics (ONS) in its report published on Wednesday, UK GDP rose by 0.5 percent in May.
UK GDP growth in the 12 months to May 2022 was also reported to be a healthy 3.5 percent.
Eurostat said on May 17 that the EU’s GDP rose by 0.4 percent in the first quarter of 2022, while the Eurozone’s GDP rose by 0.3 percent.
Compared with the same quarter of 2021, seasonally adjusted GDP increased by 5.1 percent in the Eurozone’s and by 5.2 percent in the EU.
The ONS said UK GDP rose by 0.5 percent in May, while the Eurozone’s rose by 0.3 (Image: ONS)
The ONS added that “monthly GDP is now estimated to be 1.7 percent above its pre-coronavirus (COVID-19) pandemic levels” in the UK.
In contrast, on June 29 the EU’s official statistics agency Eurostat said that “[EU] GDP remains 0.8 percent below the 2019 pre-COVID level”.
In their Spring 2022 Economic Forecast, the European Commission pointed the blame at Russia’s invasion of Ukraine for their economic woes.
They said: “By exerting further upward pressures on commodity prices, causing renewed supply disruptions and increasing uncertainty, the war is exacerbating pre-existing headwinds to growth, which were previously expected to subside.
“This has led the European Commission to revise the EU’s growth outlook downwards, and the forecast for inflation upwards.”
Real GDP growth in both the EU and the Eurozone is now expected at 2.7 percent in 2022 and 2.3 percent in 2023, down from 4.0 percent and 2.8 percent respectively.
The ONS added ‘monthly GDP is now estimated to be 1.7 percent’ over pre-Covid levels (Image: ONS)
Eurostat said ‘[EU] GDP remains 0.8 percent below the 2019 pre-COVID level’ (Image: EXPRESS)
Facts4EU, who reported the data, said the UK’s “GDP figures were encouraging, although we still have a long way to go” before unleashing Brexit benefits.
They added: “From the pre-Referendum days of early 2016 we have had threats of ‘economic Armageddon’ if we dared to vote to leave the European Union.
“Not only have these threatened catastrophes failed to materialise but we have had no apologies from David Cameron, George Osborne, and many others including all the international organisations who lined up to threaten calamity for the UK economy.
“Times are tough, but so they are for all western economies. The simple fact is that the economy of Brexit Britain has more than held its own.”
Despite all those who predicted doom and gloom. Britain is firmly set on a course to be great again in World Leadership as spoken in Bible Prophecy over 2,500 years ago.
What’s more, Bible Students fully expect to see the UK and the USA come close together with the UK leading the Commonwealth Nations as the KING OF THE SOUTH against the EU and RUSSIA. We will see this develop following BREXIT. Bible Prophecy is very clear on the fact that Britain will be a major global politically leader at the time with Russia and the EU invade the Middle East. Britain will assume this role following BREXIT along with the Commonwealth Countries (and America who is also of British origin) make up the King of the South (along with Israel, Eqypt and the Gulf Arab Nations) at the time of the end that will move to stop Russia and Europe from invading the Middle East.
God has declared the End from the Beginning and the Bible (God’s Word) revealed that Britain would not be part of the EU when Christ Returns to Earth, and World Events have conspired to ensure that has now happened. But we need to keep watching this development as there is much to see yet as Britain takes her place once more on the World Political Stage.
See this Article to learn more about Britian and the Commonwealth Block in Bible Prophecy.
See this article below to learn more about this: