Britain will turn in stronger growth than any other major economy next year, Goldman Sachs has declared, predicting a significantly stronger-than-expected recovery in the coming years.
The investment bank said that the pound's 25pc depreciation over the course of the crisis would help boost exports, and broader economic growth, and turn the economy around, writes the Telegraph. The forecast flies the face of the conventional wisdom, which has it that the UK will suffer a protracted, sluggish recovery, and could slide back into a slump. However, it has also emerged that a key bellwether for economic growth, the Organisation for Economic Co-operation and Development's leading indicator, is now at its highest level since 1972, pointing towards a strong recovery. Full s...
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