France and Germany exit recession.

[SamuelRSmith]

headshot91 said:

SamuelRSmith said:

headshot91 said:
I think the Uk was the worst affected in Europe. Damn, because of our massive shrinking economy in the past year and a bit, we have a smaller economy than france again. boooooo the french!!!!

It's got a lot to do with currency fluctuations. The pound died earlier in the year, and that meant that the pound could buy fewer dollars relatively than the Euro when compared to earlier estimations. Essentially, the UK looks worse on those boards than what the reality is.

No, its done in purchasing power parity (i cant be bothered to fully explain, but it basically makes living costs and fluctuations in most things invalid) and france is now ahead of the uk.

I thought you were referring to this:

http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)

Because I've had a few people point out that we've fallen below France on that thing, so I'm used to explaining why.

I thought we were always lower PPP, mind you.