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Think global, act local

(ENG) A rising population, a low-tax regime and insulation from the worst of the Eurozone’s problems leave Britain on course to overtake Germany as Europe’s biggest economy.

The annual world economic league tables from the Centre for Economic and Business Research (CEBR) predicts that Germany – for decades Europe’s powerhouse economy – will have a smaller economy than the UK by about 2030.

Although strong growth by emerging economies such as India, Brazil and Russia mean that the UK will slip down the global rankings over the next two decades, the CEBR said it would be the second most successful western economy after the US.

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