Wednesday, January 16, 2013

Britain to drop out of world's top ten economies

Britain will be overtaken by Mexico and Indonesia in the next four decades to push the nation's GDP to 11th place in world rankings, according to a report released by the accountancy giant on Wednesday.
PwC's report, BRICs and Beyond, projected a rapid rise of the so-called E7 of emerging economies, also pushing the US, Japan, Germany, France and Italy down the league table - although only the UK and Italy lost their top ten status.
Nonetheless the UK is set to retain a prime spot on measures of GDP per head of population by 2050, ranking fourth after the US, Canada and France.

Read more: http://www.telegraph.co.uk/finance/economics/9805236/Britain-to-drop-out-of-worlds-top-ten-economies.html

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