UK will be the largest economy in Europe by 2030
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(photo from China Daily)
A study done by British research group the Centre for Economics and Business Research (CEBR) indicates that UK will overtake Germany as Europe’s top economy by 2013, China daily reports.
The research group says that UK’s population is increasing steadily and this will be beneficial to the acceleration of economy. In addition, the Britain is not as reliable to the eurozone as the other European economies, and taxes are relatively low than the regional standards, all these will foster future development.
On the other hand, the consultancy holds a rather pessimistic view on the German economy. It says that Germany will have to make sure that the currency system does not collapse in order to embrace a promising outlook.
The study matches the views of the British Chambers of Commerce (BCC), which claims earlier this month that in 2014, Britain’s economic performance will surpass its highest level before recessions.
Also, according to the CEBR's World Economic League Table, China will overtake the United States to become the world's biggest economy by 2028. Britain will become the second biggest economy among developed countries.
- Editor:Annabelle | Source: CNTVNA
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