A bit of good news. Britain's economy could become largest in Europe.

[Dingus]

http://www.thisismoney.co.uk/money/news/article-2080520/Finally-good-news-2050--British-economy-biggest-Europe-decades-say-experts.html

 

Britain will be the biggest economy in Europe with one of the wealthiest populations in the world by the middle of the century, according to leading economists.

 

Long-term forecasts by investment bank Goldman Sachs suggest the UK will fare better than its neighbours on the Continent over the next four decades.

 

Britain is currently the third biggest economy in Europe behind Germany and France in terms of overall size but by 2050 it will have leapfrogged both countries.

On the rise: The UK economy will leapfrog those of France and Germany within four decades

 

On the rise: The UK economy will leapfrog those of France and Germany within four decades

 

The UK will also jump from being the sixth wealthiest country in the world measured by national income per head to third.

 

Only people in the United States and Canada will be more prosperous than those in Britain by 2050, according to the report.

 

Dominic Wilson, chief markets economist at Goldman Sachs, said Britain faced a number of pressing issues such as high unemployment and weak economic growth.

World economic league

 

The UK is currently the seventh biggest economy in the world having recently been overtaken by Brazil

 

‘But looking forward we think the UK is capable of holding its own and in fact moving ahead of some of the other developed economies,’ he added.

 

Goldman put Britain’s strong performance down to higher-than-expected investment than in countries such as Germany and France.

 

It also said that the economy would benefit from immigration which would boost the working age population.

 

The upbeat predictions came as Britain struggles to recover from the worst financial crisis and recession since the Wall Street Crash of 1929 and the Great Depression of the 1930s.

 

The debt-fuelled boom and bust of the last Labour government has plunged Britain deep into the red and left households struggling to make ends meet.

[Grandad.Malky]

Sounds good , but seeing as they don’t know what is happening next week / next month or next year I wouldn’t be getting too excited.

 

PS

 

When you post a link the idea is to also post your point of view or slant on it.

[Dingus]

Sounds good , but seeing as they don’t know what is happening next week / next month or next year I wouldn’t be getting too excited.

 

I don't disagree but as our near zero growth seems to be better than the negative growth seen by many economies I'll settle for that. I suppose if investors see the UK as a good safe place to invest their money it can't do any harm.

[Grandad.Malky]

I don't disagree but as our near zero growth seems to be better than the negative growth seen by many economies I'll settle for that. I suppose if investors see the UK as a good safe place to invest their money it can't do any harm.

 

When they don’t know what’s happening with the Euro from day to day I cant see how they can predict what’s going to happen by 2050.

[Dingus]

When they don’t know what’s happening with the Euro from day to day I cant see how they can predict what’s going to happen by 2050.

 

I think it is pretty clear that Greece is going to go bust and Italy will probably follow. I would suggest that is enough to sink the Eurozone. It is pretty clear at the moment that the high rollers are buying UK gilts despite their tiny return because we are seen as the safe bet. I know we are up to our arm pits in government debt but at least a confident market is keeping our repayments within manageable limits which you can't say for many other European countries.

[Grandad.Malky]

I think it is pretty clear that Greece is going to go bust and Italy will probably follow. I would suggest that is enough to sink the Eurozone. It is pretty clear at the moment that the high rollers are buying UK gilts despite their tiny return because we are seen as the safe bet. I know we are up to our arm pits in government debt but at least a confident market is keeping our repayments within manageable limits which you can't say for many other European countries.

 

But we don’t know what trick Germany and France are going to come up with do we, that’s my fear.

[spooky3]

When they don’t know what’s happening with the Euro from day to day I cant see how they can predict what’s going to happen by 2050.

 

People might not know exactly what is actually going to happen, but generally it can be narrowed down to a few options and the resulting situations can each be considered.

[Grandad.Malky]

the resulting situations can each be considered.

 

And that’s all it is ……… a consideration.

[spooky3]

And that’s all it is ……… a consideration.

 

Until something is decided and happens, it always will be...

[Emily Moore]

Until something is decided and happens, it always will be...

 

I always think it is better to have experts thinking you are heading for a boom period than forcasting you are heading down the drain pipe.