Slow-growing unproductive Britain is a thing of the past but economic indicators suggest its dynamic replacement is set to have a short life
For anyone who grew up with the cliché that Britain is the sick man of Europe, the latest International Monetary Fund estimates of how much countries earn per citizen will confirm how out of date that view is. For the past three years British gross domestic product per capita has been higher than Italy's, France's and Germany's. If Germany was Europe's miracle economy in the 1950s and 1960s, Britain is the miracle economy of the current era. For all that, the performance of the UK economy is deceptive. Like a pauper wearing a rented tuxedo, the surface impression is good; what's un...
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