Fraser Nelson

The table Darling doesn’t want you to see

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As I suspect we’ll hear the claim today that the UK is somehow holding up well in the face of the global slowdown, here is a handy table showing why we the precise opposite is true and we are literally hit harder than any other OECD country.

    Real GDP growth 2007 Real GDP growth - 2008 Slowdown factor
1 United Kingdom 3.1 1.7 44.9%
2 Ireland 5.2 2.9 44.8%
3 New Zealand 3.4 1.9 43%
4 Spain 3.8 2.5 35%
5 Germany 2.6 1.8 34%
6 Finland 4.2 2.9 32%
7 Italy 1.8 1.3 30%
8 Austria 3.3 2.5 26%
9 Belgium 2.6 1.9 25%
10 Switzerland 2.7 2.0 25%

Written byFraser Nelson

Fraser Nelson is the editor of The Spectator. He is also a columnist with The Daily Telegraph, a member of the advisory board of the Centre for Social Justice and the Centre for Policy Studies.

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