Britain overtakes France to become fifth largest economy of the world

SHAFAQNA (Shia International News Association) – According to new global league table, UK has overtaken France to become the world’s fifth largest economy and will pass Germany by 2030. Economics consultants Cebr Global said that the small margin between the UK and France made the result very close. Recent changes mean that the UK gross domestic product (GDP) figures include spending on illicit services such as prostitution and drugs, which are not counted in France.

The latest edition of Cebr Global’s World Economic League Table (WELT) shows China’s growth continuing so strongly that it is now predicted to overhaul the US as the world’s biggest economy by 2025, compared to 2028 last year.

UK GDP in 2014 was 2,828 billion US dollars compared to 2,827 billion dollars for France, according to the new report. Cebr Global predicts that Germany will slide back economically, due to its declining population and the likely weakness of the euro, to the extent that Britain will overtake it in 2030 for the first time since 1954, when the comparison was with West Germany alone.



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