UK set to fall out of world trading top 10 by 2050
THE UK IS set to fall out of the top 10 trading nations by 2050, pushed out by the likes of South Korea, Mexico and other emerging markets, according to a new report.
Global merchandise trade is set to quadruple by 2050, down to increased economic integration and new technology.
The UK is set to struggle to compete with rapidly expanding emerging markets, as the global economic "centre of gravity" shifts east.
Oxford Economics found top dogs China, the US, and Germany will reta...