Post-Brexit Britain Can Keep Place in Top 10 Economies, PwC Says

by Dramelin 1:13 AM 0 comments

PwC, which released its report on Tuesday in London, didn?t say how that outlook would differ without those policies. By 2050, China will cement a lead that it already holds on a purchasing-power parity basis, with the U.S. slipping to third place, behind India. Britain can shake off the aftermath of its exit from the European Union and remain one of the world?s 10 biggest economies if it stays amenable to talented foreigners, according to a forecast by consultancy PricewaterhouseCoopers LLP. The analysis of 32 of the world?s biggest economies suggested Britain can be the fastest-growing in the Group of Seven during the next three decades, assuming it sustains a relatively large proportion of population of working age. ?Our relatively positive long-term growth projection for the U.K. is due to favourable demographic factors and a relatively flexible economy by European standards,? John Hawksworth, chief economist at PwC, said in a statement.