The UK will be in a position to overtake Germany as Europe's largest economy, according to the think tank the Centre for Economic and Business Research (CEBR).
The CEBR predicts that Germany will lose its current top spot in Europe by 2030.
It cites the UK's population growth as an aid to economic acceleration.
The report echoes the recent confidence of other business groups such as the British Chambers of Commerce (BCC).
Earlier this month the BCC said that the UK economy will surpass its pre-recession peak in 2014.
In its annual World Economic League Table, where it ranks the ups and downs of global economies, and forecasts their future position, the CEBR said in addition that China will overtake the US in 2028, which is later than some analysts have suggested.
The UK will overall perform second best of all advanced economies, the CEBR said.
Yet, this performance will still lag behind growth in emerging countries such India and Brazil.
The CEBR in its report added that in addition to the UK's population growth boosting economic expansion, that "lesser dependence on other European economies" would also aid progress, as well as "relatively low taxes by European standards."
However, as far as Germany, the group said that should the euro "break up", that "Germany's outlook would be much better."
As for France, The CEBR said it will be one of the "worst performing" of the Western economies, and will be overtaken by the UK by 2018. This is because of slow growth due to "high taxation" in addition to the general issues of eurozone economies.
"It were not best that we should all think alike; it is difference of opinion that makes horse races." - Mark Twain on why he avoids discussing house prices over at MacroBusiness. "Buy land, they're not making any more of it." - Georgist Land Tax proponent Mark Twain laughing in his grave at humourless idiots like skamy that continually use this quip to justify housing bubbles.
The UK will be in a position to overtake Germany as Europe's largest economy, according to the think tank the Centre for Economic and Business Research (CEBR).
The next trick of our glorious banks will be to charge us a fee for using net bank!!! You are no longer customer, you are property!!!
What is the population of Great Britain? Well whatever it its, it needs more people, according to economists. Lots more, because apparently its grossly underpopulated according to conventional economic wisdom. But seriously, we're approaching the limits to growth, where further population growth is counterproductive. We may be there already. When are economists going to wake up to this.
And I wonder how much of the UK's apparently economic growth is due purely to its overinflated property market.
What is the population of Great Britain? Well whatever it its, it needs more people, according to economists. Lots more, because apparently its grossly underpopulated according to conventional economic wisdom. But seriously, we're approaching the limits to growth, where further population growth is counterproductive. We may be there already. When are economists going to wake up to this.
And I wonder how much of the UK's apparently economic growth is due purely to its overinflated property market.
Lots.
Is there a school of economics that looks at how we can manage with static or decreasing populations.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
It is hard to get all the ducks in a row. We sold in the UK at $3 to the pound (in 2001) who know you too could be lucky. The UK looks very cheap to the Aussie in terms of food, clothes etc so the pound could indeed be undervalued. However wages are pretty abyssmal up in the North anyway and this could account for lower retail prices.
A bit of hedging of your bets might be the wisest course. However, I do not think that prices in the market that you will probably be looking to buy in Perth are about to do a runaway act and both markets are growing, so who knows waiting out the drop of the AUD might pay off big time. A lower $ is certainly what the Australian government wants but it is proving to be very resilient, it will be interesting to see what plays out.
newjez
28 Dec 2013, 09:12 PM
Lots.
Is there a school of economics that looks at how we can manage with static or decreasing populations.
Just look at ex mining towns they provide an salient lesson as to the consequences of a declining population.
Definition of a doom and gloomer from 1993 The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
Then if a declining population is unacceptable, all we have to do is just keep up our population growing forever. Simple.
Yes, 1% population growth per year for the next 500 years, or 3% per year for the next 168 years, the population of Australia will be a healthy 3.3 billion. Whether or not the planet will support a population of 1 trillion people is another matter altogether, but the planet we live on is not our concern, so get to it Australia and start procreating!
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