• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

UK to outpace other European countries over next 15 years, CEBR says

by December 26, 2024
written by December 26, 2024

Investing.com — The UK is set to outperform its European counterparts over the next 15 years, maintaining its position as the world’s sixth-largest economy by 2039, according to the Centre for Economics and Business Research.

Britain will hold its lead over France, which is projected to remain in seventh place, while Germany, Italy, and Spain are expected to slip down the global rankings. The UK is forecast to narrow the economic gap with Germany, which will be 20% larger than Britain’s economy in 2039, compared to the current 31%.

“While this outlook is markedly better than key European peers like France and Germany, both of whom are expected to slip, this reflects a relatively poorer outlook for Eurozone economies rather than strong UK growth,” CEBR said.

The report comes as Prime Minister Keir Starmer faces economic challenges during Labour’s early months in government. Official data show no economic growth since Labour took power in July, with survey indicators pointing to a weak end to 2024 and further strain into 2025.

Starmer’s plans to drive faster growth through planning reforms, housing initiatives, and public investment aim to reinvigorate the economy. However, CEBR warns that recent tax hikes could weigh on short-term activity. Over the longer term, it expects Britain’s trend growth rate to stabilize at 1.8%.

Globally, the United States is projected to retain its position as the largest economy, fending off competition from China.

 

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
UnitedHealth Group stock added to Raymond James current favorite list
next post
Dollar edges up on bets of US growth, inflation

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year

      August 30, 2025
    • Retail panic: What the end of the ‘de minimis’ exemption means for brands across the globe

      August 29, 2025
    • Cracker Barrel rebrand: Why companies retreat when faced with consumer criticism

      August 29, 2025
    • Trump accused Fed governor Lisa Cook of mortgage fraud. That can be hard to prove, experts say.

      August 29, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (626)
    • Stock (6,426)

    Latest News

    • Spirit Airlines files for Chapter 11 bankruptcy protection for the second time in a year
    • Retail panic: What the end of the ‘de minimis’ exemption means for brands across the globe

    Popular News

    • Blue Origin, AST Spacemobile ink New Glenn rocket launch deal
    • US stock futures steady as rate cut bets build after CPI data; Powell awaited

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy