UK Economy Forecast to Narrow GDP Gap With Germany by 2038
- CEBR expects UK to be fastest-growing major European economy
- Finance, services to help shake off years of underperformance
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The UK 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 predicted that GDP growth in the UK 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.