Originally Posted by
ORAC
All the way to the
5th largest economy in the world. Not bad for a small island offshore a continent declining in political and economic importance.
Some people are much too quick to write the UK off.
That depends how you measure it. By other measures like equvilelnce in purchasing power the UK is the
9th largest, or even the 19th largest if you use
GDP per capita.
But you have to observe the 3rd law of economics: "To economists the real world will always be a special case"...
PDR