The IMF this week said that the UK economy is likely to grow by 1.4 per cent this year; twice the rate of growth it predicted in April.
Germany is currently Europe’s biggest economy with gross domestic product (GDP) of $3.6 trillion; France stands at $2.7 trillion, the UK at $2.2 trillion and Italy at $2.1 trillion.
One commentator, Matthew Lynn, believes that as a result of both a falling population and faltering output in the Eurozone, the UK could overhaul German GDP at some stage between 2025 and 2030.
But then who believes, anymore, in economists’ forecasts?
Blueprint brief – 9th October 2013
Source: The Spectator, 5 October 2013.