UK could slip to No.11 in world GDP by 2015 (2005: No.4, 2009: No.7)

Gee, thanks Gordon. Your policies to wreck the UK economy, impoverish the British people and turn us into a high-tax socialist client-state are working.

The c "...we have had a look at what might happen if likely growth, exchange rate and inflation trends continue. In 2005, the UK was the 4th largest economy in the world. China overtook in 2006, France in 2008 and Italy in 2009. So now the official figures suggest that we have dropped to No.7 (although I still have some doubt about the Italian figures that are incorporated into  this analysis).

Projecting  forward, the combination of economic growth and population growth, plus a likely rising real exchange rate mean that Brazil and Russia will overtake us sometime soon, perhaps in 2012. India will almost certainly overtake as well, though probably not till 2015.

But it also looks as though Canada could, if demand for natural resources continues to rise strongly, catch up and surpass UK GDP around 2015 as well. Even Australia is likely to have overtaken by 2020."

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aracari
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Not to mention turn us into a mongrel race.

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White Spirit

'White Spirit' wrote thus:

Thank God I like bananas ;-)

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aracari

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