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 2040s. UK economic growth is set to hit 2.9pc this year, the second fastest in the advanced world after the United States. It means the economy is now 6.1pc larger than its pre-financial crisis peak. The Treasury said the Cebr's analysis was evidence the Government's long-term economic plan was working. "With the deficit reduced by almost two thirds as a share of GDP since its peak in 2009-10, an average of 1,000 extra people in work each day, the government’s plan for more prosperous future is delivering for working people", said a spokeswoman. The only thing one can say with certainty is that economic forecasts are less accurate than weather forecasts, and we all know how accurate they are. If one takes France as an example and directly compares it with the UK one will find than France has a better road system, a better rail system, a better education system and a better health system. (It does not have a better political system). You will argue that they are all bankrupt or about to go bankrupt. I will respond 'so what'. I know it's Christmas and they have to fill the pages but this is not only nonsense but dangerous nonsense and I don't like tempting the Gods; nevertheless I hope it's true; but don't count on it.
Access Investments-Building Awareness - European Union-ROMANIA
Thursday, December 31, 2015
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 2040s. UK economic growth is set to hit 2.9pc this year, the second fastest in the advanced world after the United States. It means the economy is now 6.1pc larger than its pre-financial crisis peak. The Treasury said the Cebr's analysis was evidence the Government's long-term economic plan was working. "With the deficit reduced by almost two thirds as a share of GDP since its peak in 2009-10, an average of 1,000 extra people in work each day, the government’s plan for more prosperous future is delivering for working people", said a spokeswoman. The only thing one can say with certainty is that economic forecasts are less accurate than weather forecasts, and we all know how accurate they are. If one takes France as an example and directly compares it with the UK one will find than France has a better road system, a better rail system, a better education system and a better health system. (It does not have a better political system). You will argue that they are all bankrupt or about to go bankrupt. I will respond 'so what'. I know it's Christmas and they have to fill the pages but this is not only nonsense but dangerous nonsense and I don't like tempting the Gods; nevertheless I hope it's true; but don't count on it.
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