UK reclaims sixth largest economy slot {from Brazil}

The Telegraph ^ | 26 Dec 2012 | Philip Aldrick

[Cronos]

However, the UK will not be able to avoid a relative decline over the next decade – falling to eighth behind India, Brazil, and Russia but avoiding the dramatic plunge expected for France and Italy – according to the Centre for Economics and Business Research (CEBR).

Brazil overtook the UK over the past year but has slipped to seventh in CEBR’s World Economic League Table rankings due to the weakness of its currency.Brazil is expected to overtake the UK again in 2014.

The next decade will see Brazil, Russia, India, and China – cement their economic dominance as Europe suffers a gradual decline in standing.

Only the US and Japan, the world’s third largest economy, will hold on to their places. Germany will decline two slots from fourth to sixth, but France and Italy will be the biggest losers. France is expected to fall from fifth to ninth, and Italy from eighth to 13th

“We are poised to overtake France either in 2013 or 2014 as the economic effects of President Hollande’s 75pc tax policy and the difficulties of the euro drag France down, By 2022, the Italian economy will be close to falling behind economically powerful emerging markets like Turkey and Mexico.”

Lower down the table, Spain, Switzerland, Norway and Belgium will all suffer big falls.

CEBR expects India to overtake the UK by 2017 to become the largest economy in the Commonwealth and the end 2022 six places higher than today at the world’s fourth biggest.

Brazil will be fifth and Russia will have climbed two places to seventh. China will remain the world’s second biggest economy, but will have closed the gap on the US. At the moment it is 53pc as large as the US but by 2022 it will be 83pc as large.

[Cronos]

Bye, bye France...

additionally the article sayd The next decade will also see the emergence of Indonesia as an economic powerhouse, rising six places to break into the top 10 for the first time.

[Pontiac]

With Obama and the Democrats making war on the US economy how long can it be before the US falls?

Obama and the Democrats are trying real hard to make the US France West.

[Berlin_Freeper]

From a sterile mathematical observation this all seems in order. But, one needs to also keep in mind political and cultural affects that in the long run limit potential economic growth.