Britain overtakes India to become fifth-biggest economy

Blackleaf

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Oct 9, 2004
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Britain is the world's fifth-largest economy again after overtaking India despite being in the grip of deep recession during coronavirus pandemic​

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According to the annual league table produced by the Centre for Economic and Business Research (CEBR), the UK has leapfrogged India and is set to push further ahead of seventh-placed France in the decade after Brexit. Britain had fallen behind India to be the sixth-largest economy last year but the Asian nation has been pushed back below the UK in dollar terms following a deep recession related to the coronavirus pandemic and a steep fall in the rupee. The UK's climb back up the league table is despite a cumulative fall in GDP in the first half of 2020 of 21.2 per cent as the first national lockdown - imposed in March - hammered the economy. The leading CEBR also forecast that China would overtake America as the biggest economy in the world in 2028, five years earlier than expected.

 

Blackleaf

Hall of Fame Member
Oct 9, 2004
48,340
1,650
113
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Macron humiliated over the news that the British economy will be 23% larger than France's after Brexit

 
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