How can anyone seriously campaign to rejoin the EU after reading this? – PART ONE

The decline and fall of the EU empire – latest economic slide to zero revealed

A CIBUK.Org and Facts4EU.Org investigation exposes what the EU would prefer you not to know

 

EU’s stats body goes all coy and quiet on latest GDP figures, so we shout them out

In Part One of this three-part report, we reveal the steadily-declining, poor economic performance of the EU last year. In Part Two we look at the simply appalling behaviour of the EU Commission and the EU27 when it comes to Putin’s Russia. We conclude on Sunday with a report which might sound like it is a parody – but it is very deadly serious. It will shock many readers.

 

Part One : The decline and fall of the EU empire – latest economic slide to zero revealed

On Tuesday (31 Jan 2023) the EU Commission’s official statistics agency, Eurostat, was due to release its latest report on GDP in the EU for the final quarter of 2022. We waited expectantly. No report appeared all day.

Frustrated, in the end we delved into Eurostat’s database. Hey presto, there were the new figures. So, they had published the numbers where very few people would look, but inexplicably the news report which usually comes with these had not materialised.

 

EU27’s economic growth falls to 0% in final quarter of last year

 

© EU Commission

Looking at the numbers, one can see why they failed to produce a report. In our summary below, we reveal the decline in the EU’s economic fortunes last year.


Summary

The decline in EU GDP growth last year

 

  • 2022-Q1 : 0.8%
  • 2022-Q2 : 0.7%
  • 2022-Q3 : 0.3%
  • 2022-Q4 : 0.0%

[Source: Eurostat GDP figures for Q4 2022.]

© Brexit Facts4EU.Org 2023 – click to enlarge


EU’s economic powerhouse, Germany, went negative

In the final quarter of last year, Germany’s GDP growth figure dropped to -0.2%. For this to happen to the EU’s No.1 economy – by far – must be cause for concern in the EU.

This one country out of the EU27 accounts for almost a quarter of the EU’s entire economy.

The best one can say is that Germany’s decline was not as bad as that of its neighbour, Austria. Austrian GDP fell by 0.7% in the last three months of 2022.


Observations

We find it interesting that the EU’s statistics agency haven’t yet produced one of their gushing news reports on the latest EU growth figures, although it was due out on Tuesday. There has been no explanation for the delay. Nor whether it will appear at all.

In the words of the legendary American singer-songwriter Don MacLean: “Not a word was spoken. The church bells all were broken.”

It was only by delving into their database that we found they have put the EU’s growth in the final quarter of last year at 0.0%, i.e. no growth.

We are pleased to have been of service to the EU Commission in promulgating the figures….

Not to be missed

We will publish Part Two in this series which questions why anyone would want to rejoin the EU. Not to be missed! EU sanctions? What EU sanctions? EU’s sales to Russia grow by 40%.


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Main image: montage © CIBUK.Org

This report has been co-published with our affiliated organisation, Brexit Facts4EU.Org.

 

For the original report, click here: https://facts4eu.org/news/2023_feb_eu_decline