In response to the following BBC article, quote:

UK expected to be only major economy to shrink in 2023 - The UK economy will shrink and perform worse than other advanced economies, including Russia, as the cost of living continues to hit households, the International Monetary Fund has said.

https://web.archive.org/web/20230131123012/https://www.bbc.com/news/business-64452995

Source of the take: https://knockout.chat/thread/45630/1#post-1657405

  • TreadOnMe [none/use name]
    ·
    edit-2
    2 years ago

    It's the exact same thing in the states, though not as bad because we still have alot of land that can possibly be developed. That's the thing the Britan doesn't have. An American style economy without American access to natural resources.