G7

UK set to outpace G7 in economic growth for decades

According to a forecast from PwC, Brexit is only going to prove a bump in the road for the UK's economy. Even though it may take a significant financial hit as a result of it's exit from the European Union, the UK's economy is set to grow faster than any other major advanced economy up until 2050. PwC predicts an average annual growth of 1.9 percent over the next 30 years. That's more than double the expected growth rate of Japan and nearly twice that of Italy.

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This chart shows the average annual real GDP growth rate of G7 countries from 2016 to 2050.

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Potential GDP growth rate in the United Kingdom (UK) from 2013 to 2060
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Forecasted effects of Brexit on real gross domestic product in the United Kingdom from 2016 to 2035
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Forecasted annual growth of gross domestic product in the United Kingdom from 2019 to 2030
Annual growth of gross domestic product in the United Kingdom from 1949 to 2025
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Forecasted change in GDP for selected European countries in 2030 as a result of the UK leaving the EU, by scenario*
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Potential GDP per worker growth rate in the United Kingdom (UK) from 2013 to 2060

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