DHAKA: The UK will be in a position to overtake Germany as Europe’s largest economy, according to the think tank the Centre for Economic and Business Research.

The CEBR predicts that Germany will lose its current top spot in Europe by 2030.

It cites the UK’s population growth as an aid to economic acceleration, reports the BBC.

The report echoes the recent confidence of other business groups such as the British Chambers of Commerce.

Earlier this month the BCC said that the UK economy will surpass its pre-recession peak in 2014.

In its annual World Economic League Table, where it ranks the ups and downs of global economies, and forecasts their future position, the CEBR said in addition that China will overtake the US in 2028, which is later than some analysts have suggested.

The UK will overall perform second best of all advanced economies, the CEBR said.

BDST: 1833 HRS, DEC 26, 2013
Edited by Robab Rosan, Current Affairs Editor