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?
Source: The Spectator, 5 October 2013.