UK economy to narrow GDP gap with Germany

CEBR predicted that gross domestic product growth in the United Kingdom will settle between 1.6% and 1.8% in the period up until 2038. — Bloomberg

LONDON: The United Kingdom will be Europe’s best-performing major economy in the next 15 years, narrowing the gap with Germany and extending its lead over France, according to new long-run forecasts.

The Centre for Economics and Business Research (CEBR) predicted that gross domestic product (GDP) growth in the United Kingdom will settle between 1.6% and 1.8% in the period up until 2038, helping it retain its position as the world’s sixth-largest economy.