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UK vs EU: How does Britain and the bloc compare for GDP, inflation and jobs? | City & Business | Finance

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Last 12 months, GDP in Britain grew by 7.5 percent, representing the fastest annual growth rate since World War 2.

However the International Monetary Fund (IMF) forecast much slower growth for 2022 – 3.7 percent.

In 2023, British GDP is predicted to swell by 1.2 percent, which could be the bottom projected annual growth rate within the G7.

However, the EU is predicted to enjoy even slower growth of two.7 percent this 12 months, and a couple of.3 percent in 2023.

The predictions were the primary to be made by the bloc, after Russia’s invasion of Ukraine began last February.

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