Support 100 years of independent journalism.

  1. Chart of the Day
4 February 2022

How the UK is one of the slowest-growing economies in the G7

Despite Boris Johnson's repeated fast-growth boast, Britain was almost bottom of the G7 in the most recent quarter.

By Ben Walker

At this week’s Prime Minister’s Questions, Boris Johnson repeated his regular claim that the UK is the fastest-growing economy in the G7. Over the past year that is true, but it is not for the most recent quarter or, indeed, since the start of the pandemic.

The latest quarterly growth figures actually point to the UK being one of the slowest-growing economies in the G7 (1.1 per cent growth), ahead of only the US and Japan, where growth fell.

Since the start of the pandemic, it would also be wrong to claim that Britain has been one of the fastest-growing economies. Indeed, between quarter four of 2019 and quarter three of 2021, GDP fell by 1.5 per cent, the worst performance of any country bar Japan, where growth fell by 1.9 per cent.

Select and enter your email address Quick and essential guide to domestic and global politics from the New Statesman's politics team. A weekly newsletter helping you fit together the pieces of the global economic slowdown. The New Statesman’s global affairs newsletter, every Monday and Friday. The best of the New Statesman, delivered to your inbox every weekday morning. The New Statesman’s weekly environment email on the politics, business and culture of the climate and nature crises - in your inbox every Thursday. Our weekly culture newsletter – from books and art to pop culture and memes – sent every Friday. A weekly round-up of some of the best articles featured in the most recent issue of the New Statesman, sent each Saturday. A newsletter showcasing the finest writing from the ideas section and the NS archive, covering political ideas, philosophy, criticism and intellectual history - sent every Wednesday. Sign up to receive information regarding NS events, subscription offers & product updates.
  • Administration / Office
  • Arts and Culture
  • Board Member
  • Business / Corporate Services
  • Client / Customer Services
  • Communications
  • Construction, Works, Engineering
  • Education, Curriculum and Teaching
  • Environment, Conservation and NRM
  • Facility / Grounds Management and Maintenance
  • Finance Management
  • Health - Medical and Nursing Management
  • HR, Training and Organisational Development
  • Information and Communications Technology
  • Information Services, Statistics, Records, Archives
  • Infrastructure Management - Transport, Utilities
  • Legal Officers and Practitioners
  • Librarians and Library Management
  • Management
  • Marketing
  • OH&S, Risk Management
  • Operations Management
  • Planning, Policy, Strategy
  • Printing, Design, Publishing, Web
  • Projects, Programs and Advisors
  • Property, Assets and Fleet Management
  • Public Relations and Media
  • Purchasing and Procurement
  • Quality Management
  • Science and Technical Research and Development
  • Security and Law Enforcement
  • Service Delivery
  • Sport and Recreation
  • Travel, Accommodation, Tourism
  • Wellbeing, Community / Social Services
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy

Content from our partners
The UK simply cannot afford to wait on climate change
To decarbonise home heating, we need to put customers first
Our common endeavour