"The strongest economy you will have is when you have to deal with something concrete, and it's not just a number written on paper," said Mr Burmester. He makes much of the British belief that owning one's own home is one of the prime aims in life while Germans rent. The words are written on the back of every item in English, but there is much research and development behind it. The total accumulated growth for the UK is 4.9pc. It remains to be seen whether that will materialise.

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The CEBR found that out when they finished 37th out of 40 economic forecasters for the year 2013, according to the Sunday Times’ league table. Are 'cheap' bank shares an opportunity to profit or a value trap? The eurozone had a stellar year because the stars were briefly aligned: the end of austerity, the delayed effects of QE, and a Chinese mini-boom that lifted Germany, all at a time when there was still a large output gap and therefore plenty of low-hanging fruit.

Totting up the exact numbers, it is no longer excusable for the Remainer establishment, the Liberal Democrats, and allied think tanks, to keep claiming that the UK economy is 3pc smaller than it would have been without Brexit, or that we are “3pc poorer” in Westminster parlance.

What next for Neil Woodford and his investors? My guess is that the accumulated slippage in GDP growth since the referendum that can legitimately be attributed to Brexit is about 1pc. BOB BISCHOF: Will British economy overtake Germany by 2030?

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That point is illustrated by the number of refugees who have arrived in Germany in the time since those forecasts were made, which would be likely to have an impact on future population. Qj�5G>� �3�:^����'��J���*,���*P]�����i({�B�16f�=l�r��ﲠ��+`�77�q��aTm��x�� The BBC is not responsible for the content of external sites.

So what about the impact on the economy? Reality Check verdict: Predicting anything for 2050 is very hard to do. Had they done the same exercise for Germany the chart would have looked similar. Scottish Mortgage's Tom Slater on how the growth star investments, 'It's a vast area of change': We meet a food fund manager. Contrast that with the UK where he says that 90% of households own their own home. By Bob Bischof, Chief Economic Adviser To German Industry Uk. Indeed, in the same quarter, Italy, Japan and France all did better than the UK.

If you click on them we may earn a small commission. So you tie down capital.". Strong manufacturing sector and export industries. Dieter Burmester created and owns Burmester Audio Systems which makes very high-end amplifiers and speakers - the price tags say hundreds of thousands of pounds, euros or dollars, for the top of his range. France (5.8pc) has been the outperformer, in part because Emmanuel Macron has abandoned key reforms and lavished fiscal stimulus on the gilets jaunes, but even so France has not outstripped the UK by much. The drilling machinery was from Germany. Health minister’s incorrect herd immunity claims, Johnson’s questionable universal credit claim, We shouldn’t rely on official cases per capita to compare local outbreaks. German education supports both academic and practical skills.

For consumers, it translates as "save then spend".

His product is handmade in Germany. Are the predictions about Britain v Germany any more credible? After World War II, we find that domestic output per capita in Germany converges roughly to the same trend established Now, economic forecasting is not an exact science and it is mighty difficult to predict even a year ahead. The country makes things that others want to buy - particularly in growing economies, and particularly in China. Some forecasters think the UK will have the biggest economy by then - others don't.



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