Post-Brexit Britain Can Keep Place in Top 10 Economies, PwC Says
- Purchasing power parity list puts U.K. in 10th place by 2050
- Forecast assumes labor market open to talented foreigners
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Britain can shake off the aftermath of its exit from the European Union and remain one of the world’s 10 biggest economies if it stays amenable to talented foreigners, according to a forecast by consultancy PricewaterhouseCoopers LLP.
Measured by purchasing power parity, the U.K. will fall only one place to 10th among its peers by 2050 -- so long as it keeps its labor market open to skilled overseas workers and develops trade links with fast-growing emerging markets, the analysis shows. PwC, which released its report on Tuesday in London, didn’t say how that outlook would differ without those policies.