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The European economy is stealing a march on us—quelle surprise!

UK growth is plummeting thanks to Brexit—and a recession in 2018 can’t be ruled out. Meanwhile, things are very different for our friends on the continent

By George Magnus  

German Chancellor Angela Merkel and French President Emmanuel Macron in the Élysée Palace, Paris. Photo: Guido Bergmann/DPA/PA Images

Bit by bit, the Brexit narrative advanced by “Leave” supporters about Britain’s superior economic credentials in Europe is falling apart. Not only are we seeing a slow-motion fade in the UK’s economic resilience, but the contrast with an economically feistier Euro Area couldn’t be starker. Last month, Duncan Weldon, looking at the divergent trends of the UK and the Euro Area, suggested here that the title of “sick man of Europe” was very…

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