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UK economy will overtake France to become second biggest economy in Europe next year, IMF predicts

Discussion in 'The Americas' started by HMS Astute, Oct 11, 2014.

  1. Picdelamirand-oil

    Picdelamirand-oil Lt. Colonel MILITARY STRATEGIST

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    England is also a petro monarchy! But the fest will end soon, we will see then how good is its economy.
     
  2. HMS Astute

    HMS Astute BANNED BANNED

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    It is not England, it is called the United Kingdom. England is just a piece which is part of the country called Great Britain, GB or UK.

    Same example is that California is a state within a country called America, US or United States. I can't stand stupidity.
     
    Last edited: Oct 14, 2014
  3. BMD

    BMD Lt. Colonel ELITE MEMBER

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    Actually that's Scotland. When the petro fest ends they'll just have to pay for higher education, pensioner bus passes and prescription drugs like everyone else already does anyway. Presently only Scotland benefits from the oil by way of higher socialisation. Northern Ireland is also subsidised but to a far lesser degree.
     
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  4. Picdelamirand-oil

    Picdelamirand-oil Lt. Colonel MILITARY STRATEGIST

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    The stupidity is to believe that people in the world care about local particularism in England like the country it is part of, and to do not understand what people want to say if they explain with approximation. I'm sure that all the Indians have understand easily and it's the only thing that matter.
     
  5. BMD

    BMD Lt. Colonel ELITE MEMBER

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    The particularism actually helped explaining it. England is not a petro economy. Scotland is and receives Scoobie snacks as a result. When the oil disappears, the Scoobie snacks go too.
     
  6. HMS Astute

    HMS Astute BANNED BANNED

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    UK will retake it's former position as Europe's 2nd largest economy and 5th biggest economic power in the world at the end of this year.

    Not so bad for an island with 64m population with little land area at the corner of Europe.

    [​IMG]
     
  7. kaku

    kaku Major Technical Analyst

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  8. HMS Astute

    HMS Astute BANNED BANNED

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    UK economy was 4th biggest in the world until 2005.

    [​IMG]

    Then we got took over by France in 2008 due to bigger risks of our bigger financial banking industries and also we decreased the £ value on purpose in order to make the British made goods cheaper abroad and boost our exports. All these reasons made the UK GDP nominal slightly smaller than France's which also has slightly bigger population.​
     
    Last edited: Oct 15, 2014
  9. kaku

    kaku Major Technical Analyst

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    No, no, you said it will retake its former position. But please provide proof of that.
     
  10. kaku

    kaku Major Technical Analyst

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    oops sorry,, I was thinking the 4th largest.
     
  11. HMS Astute

    HMS Astute BANNED BANNED

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    It is nearly impossible to overtake Germany in this decade (even if our economy grows a lot faster) due to the obvious reasons. Germany has always been a bigger economic power than us since the end of WW2. Thanks to it's bigger population, impressively strong top notch car companies (BMW, Mercedes, Audi, Porsche etc) and world class manufacturing sectors. There have been many predictions which state that the UK economy will overtake Germany and become Europe's largest economy within decades etc. (which i don't believe anyway).

    BBC News - UK could be Europe's 'largest' economy by 2030

    Britain 'will become biggest economy in Europe' - Telegraph

    Roger Bootle: Britain could become the world’s fourth largest economy within decades - Telegraph
     
  12. HMS Astute

    HMS Astute BANNED BANNED

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    Picdelamirand-oil likes this.
  13. Indx TechStyle

    Indx TechStyle Lieutenant FULL MEMBER

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    Sorry for bumping old thread but this is 2016 and as far as I know France has overtaken UK to be Europe's second largest economy after Germany.

    India too is very near to UK France, will overtake one net year and other following year and AFAIK developing countries do grow way faster than developed ones.
    Given current outlook, there won't be any similar magic to prevent India from overtaking every European economy.
     
  14. A_poster

    A_poster Lieutenant FULL MEMBER

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    Don't give much credence to GDP numbers. Even though economy may expand, its nominal value in a foreign currency may remain stagnant due to currency fluctuations. India GDP in dollar has remained stagnant for five years. GDP(nominal) is not a credible indicator of economy as very small component of GDP depends on foreign trade in which exchange rates matter.


    As of now, France probably has a weaker economy due to UK's strong financial sector and assorted markups, but due to Brexit (which would make continental Europe focused banks move out of London), and probable election of Fillion, France economic prospect is relatively better in medium term.
     
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  15. BMD

    BMD Lt. Colonel ELITE MEMBER

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    Not as of End October it hadn't, we posted about this in another thread. The official results for the full year aren't out yet.
     
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