Britain is he world's sixth largest economy, Treasury chief Philip Hammond reportsю
According to CNN, Hammond is based on IMF data on GDP. The numbers show that France has topped Great Britain for the first since 2013, but only by $10 trillion. However, despite such a small advantage, experts predict it to widen considerably in 2018.
The deceleration in Britain's economic growth is due to the country voted to leave the European Union. As a result of Brexit, the pound has dropped, the prices have spiked and consumer spending has decreased.
In 2017, the USA is the firs in IMF ranking, the world’s second largest economy is China, the third is Japan, the fourth - Germany.