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UK set to narrow GDP margin with Germany by 2038
Posted on January 2, 2024 |
Forecasts indicate the UK's superior performance among major European economies over the next 15 years
Projections from the Centre for Economics and Business Research suggest UK closing the gap with Germany and extending the lead over France
Anticipated GDP growth in the UK ranges from 1.6% to 1.8% until 2038, securing Its 6th position in the global economy
UK expected to outpace growth in Eurozone's "Big Four" but lag behind the US in the coming years
China is projected to surpass the US as the world's largest economy by 2037, fueled by developing nations' advancements
Anticipated shifts in global economy rankings by 2038 include Italy exiting the top 10 and South Korea entering.