Downing Street Says

» Monday, January 14, 2008

Economy

Asked if the Prime Minister was distressed by figures announced today showing that France had overtaken Britain as the fifth largest economy, the PMS replied that as the Prime Minister had said in his speech this morning, over the last ten years the British economy had grown by 28% between 1997 and 2006 compared with 21% in France, 10% in Japan, 13% in Italy, and 14% in Germany. So this was more to do with short-term fluctuations in exchange rates than underlying growth rates.

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Economy

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