Post by Deleted on Dec 26, 2015 16:34:22 GMT 7
A blow for all those that say the UK is finished -
Britain will reach the "giddy" heights of the fourth largest economy in the world, leapfrogging Germany and Japan over the next two decades, new analysis shows.
The UK is set to become the best performing economy in the western world over the next 15 years, boosted by its leading position in global software and IT sectors, according to a report by the Centre for Economics Business and Research.
Britain is currently the world's fifth largest economy based on total Gross Domestic Product (GDP), which currently stands at $3.04 trillion. The UK overtook France in GDP terms in 2014.
Bumper growth will put Britain on course to become the world's fourth largest economic powerhouse ahead of an ageing Japan and Germany in the 2030s, according to the Cebr's latest world economic league table.
The total cash value of the UK economy will grow to around $4.7 trillion by 2031, but is expected to be quickly overtaken by Brazil in fourth spot by the 2040's.
Continues
www.telegraph.co.uk/finance/economics/12068319/Booming-Britain-to-become-worlds-fourth-largest-economy-as-France-and-Italy-face-G8-exclusion.html
Britain will reach the "giddy" heights of the fourth largest economy in the world, leapfrogging Germany and Japan over the next two decades, new analysis shows.
The UK is set to become the best performing economy in the western world over the next 15 years, boosted by its leading position in global software and IT sectors, according to a report by the Centre for Economics Business and Research.
Britain is currently the world's fifth largest economy based on total Gross Domestic Product (GDP), which currently stands at $3.04 trillion. The UK overtook France in GDP terms in 2014.
Bumper growth will put Britain on course to become the world's fourth largest economic powerhouse ahead of an ageing Japan and Germany in the 2030s, according to the Cebr's latest world economic league table.
The total cash value of the UK economy will grow to around $4.7 trillion by 2031, but is expected to be quickly overtaken by Brazil in fourth spot by the 2040's.
Continues
www.telegraph.co.uk/finance/economics/12068319/Booming-Britain-to-become-worlds-fourth-largest-economy-as-France-and-Italy-face-G8-exclusion.html
