October 10, 2013
Here’s a nice little map, drawn from the IMF’s latest World Economic Outlook, to warm the cockles of any eurosceptic’s heart. According to IMF forecasts for 2013, virtually the entire eurozone is either in outright recession or showing growth of less than 1pc.
Virtually all European countries outside the euro, on the other hand, are showing growth of more than 1 per cent.
The only exception is Sweden, but then Sweden is economically more converged with the eurozone than are some actual members of the single currency, so this shouldn’t really surprise. Sweden is joined at the hip to other Continental countries, in a way that Britain perhaps isn’t.