DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - UK Economy to be surpassed by Canada's and Australia's

**layevymed** · 12-07-2009, 06:54 PM

What is the reasoning behind the theory? The main reason the UK has fallen recently is because of change in exchange rates. Hence its falls behind France and Italy. The only way the other countries will overtake the UK is if they have massive growth. I believe India and Brazil will overtake the UK sooner or later. Russia I am not sure about. Suggesting Canada and Australia will overtake the UK is BS. Unless there is catastrophic decline in the UK or massive growth in the other two it is not happening anytime soon. Even the current crisis isn't bad enough to do that. The is no reason to believe the UK will crumble while France and Italy don't.

12-07-2009, 06:54 PM	#1
layevymed Join Date Oct 2005 Posts 503 Senior Member	What is the reasoning behind the theory? The main reason the UK has fallen recently is because of change in exchange rates. Hence its falls behind France and Italy. The only way the other countries will overtake the UK is if they have massive growth. I believe India and Brazil will overtake the UK sooner or later. Russia I am not sure about. Suggesting Canada and Australia will overtake the UK is BS. Unless there is catastrophic decline in the UK or massive growth in the other two it is not happening anytime soon. Even the current crisis isn't bad enough to do that. The is no reason to believe the UK will crumble while France and Italy don't.
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