Economical musical chairs -- China to grow, UK uncertain

Updated 2016-12-27 09:27:35

As 2016 draws to a close, economists have been making their predictions for the future.

According to the Centre for Economics and Policy Research, China will overtake the U.S. as the world's number one economy by the year 2030.

This doesn't seem like a huge surprise - as we've been reporting extensively, the Chinese economy has continued to expand rapidly even in troubled economic times for the rest of the World.

Meanwhile, uncertainty surrounding the election of Donald Trump as the U.S. President-elect could potentially translate into long-term economic harm if some forecasts are to be believed.

A somewhat more controversial prediction made by the Centre for Economics and Policy Research is that the United Kingdom and Germany will have the only economies in the Global top 8 by 2030.

Germany's position as a global powerhouse makes that seem like a sensible forecast, but other analysts have predicted that that United Kingdom will fare worse than that.

In the UK Press, the Mirror has today predicted that the British economy will come 'crashing down' as a result of Brexit, whereas The Independent talks of 'tumbling down' and the Huffington Post predicts a 'plummet'.

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