I’m really not a fan of statements like “UK GDP is now 6–8 per cent smaller than it would have been by 2025.” Given how economy analysts regular just throw darts to guess, I mean ‘predict’, economic growth, this means nothing.
I’m saying economic development is contributed to by so many factors that even 12-month predictions are often off by a few percent points. That, to me, makes 10-year predictions while assuming different circumstances completely untrustworthy.
I'm not fully convinced by the article either, especially the GDP figure they show. A decline in investments and employment is pretty bad though, although they don't compare those numbers to other countries :/
8 Comments
supersquirrel@sopuli.xyz · 24 pts · 195d
One casualty is certainly the UKs space capability.
https://spacenews.com/uk-launcher-orbex-files-for-administration-after-failed-funding-efforts/
Turns out being isolationist is not compatible with going to space, who would have thought?
bleistift2@sopuli.xyz · 8 pts · 195d
I’m really not a fan of statements like “UK GDP is now 6–8 per cent smaller than it would have been by 2025.” Given how economy analysts regular just throw darts to guess, I mean ‘predict’, economic growth, this means nothing.
sunbeam60@feddit.uk · 9 pts · 195d
The method they’ve used is pretty sound, though.
Are you saying the impact is unquantifiable?
bleistift2@sopuli.xyz · 1 pts · 195d
I’m saying economic development is contributed to by so many factors that even 12-month predictions are often off by a few percent points. That, to me, makes 10-year predictions while assuming different circumstances completely untrustworthy.
testaccount372920@piefed.zip · 4 pts · 195d
I'm not fully convinced by the article either, especially the GDP figure they show. A decline in investments and employment is pretty bad though, although they don't compare those numbers to other countries :/
acockworkorange@mander.xyz · -1 pts · 195d
Economy is more religion than science, I agree. Also the GDP is a terrible indicator for how well a society is doing.
seahag@lemmy.world · 2 pts · 192d
hanrahan@slrpnk.net · 2 pts · 192d
Good news !! the anti immigrant, married to an immigrant politician who led the Brexit charge can be the nextPM
Gsus4@mander.xyz · 1 pts · 189d
Which goes to prove that the pain is not enough yet.