The UK will be in a position to overtake Germany as Europe's largest economy, according to the think tank the Centre for Economic and Business Research, CEBR. The CEBR predicts that Germany will lose its current top spot in Europe by 2030. It cites the UK's population growth as an aid to economic acceleration. The report echoes the recent confidence of other business groups such as the British Chambers of Commerce, BCC. The CEBR said the UK will overall perform second best of all advanced economies.Yet, this performance will still lag behind growth in emerging countries such India and Brazil. However, as far as Germany, the group said that should the euro break up, that Germany's outlook would be much better. As for France, the CEBR said it will be one of the worst performing of the Western economies, and will be overtaken by the UK by 2018. This is because of slow growth due to high taxation in addition to the general issues of eurozone economies.
News On AIR | December 27, 2013 9:29 AM