by John Brian Shannon | February 10, 2017
Under the expert care of Exchequer Philip Hammond, Britain’s growth rate will outperform all developed nations until 2050
What a relief it must be for Prime Minister Theresa May that the UK economy is expected to grow strongly every year until 2050, with a growth rate that surpasses all developed nations.
Britain will grow faster than any other major advanced economy over the next three decades as the EU’s share of global output diminishes, according to PwC.
UK economic growth is predicted to outpace the US, Canada, France and Germany between 2016 and 2050, with average annual growth of 1.9pc.
This is also double the average annual pace of growth expected in Japan and Italy. — The Telegraph
The chart below shows the average annual real GDP growth rate of G7 countries from 2016 to 2050.
According to a forecast from PwC, Brexit is only going to prove a bump in the road for the UK’s economy. Even though it may take a significant financial hit as a result of it’s exit from the European Union, the UK’s economy is set to grow faster than any other major advanced economy up until 2050. PwC predicts an average annual growth of 1.9 percent over the next 30 years. That’s more than double the expected growth rate of Japan and nearly twice that of Italy.” — by Niall McCarthy | You will find more statistics at Statista
And to show where the UK ranks in terms of global GDP here is another graphic for you.
You will find more statistics at Statista
It seems that Brexit will barely register as an economic hiccup and that Britain’s economy will continue to thrive in a post-Brexit world — and that, after many dire reports to the contrary were published prior to, and since the June 23 2016 referendum on EU membership.
You see? The sky isn’t falling, it’s snowing. Get outside and enjoy it! The UK is going to be just fine.
Related Articles:
- Brexit will not affect UK economy’s long-term future (The Independent)
- The World in 2050: Will the shift in global economic power continue? (PriceWaterhouseCoopers)
Letter to Britain 
Lovely enthusiasm! Spread the word!
Hi Randyjw,
It is always a pleasure to spread good news!
Cheers, JBS
🙂
Salvatore Babones theory that the world is dominated by three regional economies.
https://www.nationalreview.com/author/salvatore-babones