According to the latest data, the UK has become the sixth largest economy in the world in terms of GDP.
It’s been doing this for a long time.
It has been a very strong economy.
The UK is still the second biggest in the eurozone after Germany, but its been a much weaker economy than the United States, the European Union or Australia.
But in a way, it has not been as strong as those economies.
This is partly because it has been growing at a slower pace than those countries.
The rate of growth is about 4 per cent per year, compared with the 6 per cent rate of GDP growth in the United Kingdom.
The other major contributor to the slowdown is the fall in commodity prices.
These are low-quality, high-cost products that come from overseas and are not as easily available as they used to be.
So the UK’s economy has been very dependent on the export of goods and services, which is why it has seen such an impact on the economy.
There is a lot of talk in Australia about whether the country is heading for a deflationary spiral.
But there are also other reasons why it might not be heading for that.
The first is that the UK is one of the most highly-developed countries in the OECD.
There are plenty of jobs, and the labour market is not particularly tight.
So even though the economy is slowing down, it is not actually slowing down very much.
So it is very much a net contributor to GDP.
The second reason is that wages are higher in the UK than in many other advanced economies.
The British Government says it has a “real wage floor” that includes things like the cost of living.
But this is very difficult to measure, as the labour supply in Britain is not as strong or as diversified as the UK labour market.
The third reason is the country’s fiscal position.
Its deficit is very low, partly because of the Government’s low tax rate and partly because the Government has used the savings from its massive fiscal consolidation programme to help finance the recession.
So while the UK still has some way to go to reduce the deficit, it can do so.
But that is not going to do very much to improve its competitiveness.
The fourth reason is, of course, the fact that there is no central bank to intervene.
This has led to some speculation that a British-style “Grexit” is inevitable.
But the evidence suggests that this is unlikely to happen, because the UK does not have a central bank and it does not need one.
In any case, the British economy is growing strongly.
But its still not very competitive.
The last thing we need to worry about is the debt level, which remains high.
The total debt in the country stands at about 80 per cent of GDP, compared to a figure of less than 50 per cent in the US, the EU and Australia.
This suggests that the debt problem will get worse.
It will be a problem, of a more serious nature, in the future.
There’s also a worry that the growth rate of the economy will slow.
But if you look at the past few years, growth has been surprisingly strong.
So this is not a problem.
It is just a matter of time.
The latest data shows that the British household debt-to-income ratio has been falling for a couple of years, but this is also a problem that has been well under control.
We have had a slow rate of recovery, which means that the average household income has been rising and that households are getting wealthier.
The government has been able to do much to lower the debt-inflation rate and the debt burden in the last couple of quarters.
It did so by allowing the Government to borrow at a low rate and to spend more.
But because the debt is rising, there is also less room for growth.
The IMF estimates that in the next couple of decades the UK will have a net public debt of just under 100 per cent, a number that is very high relative to the level of gross domestic product.
So if the UK were to default on its debt, it would mean a big fiscal crisis.
In the longer term, if Britain defaults, its not clear that the whole of Europe would have to follow suit.
The most serious economic consequences would be if the British Government decided to exit the European single market.
This would mean that the customs union, which has worked well for the UK, would be ripped up and all British goods would be banned from entering the EU.
This might happen, for example, if the EU forced the UK to impose tariffs on imported products.
But even if it happened, it wouldn’t be the end of the world.
Britain’s relationship with the European Central Bank would continue.
The Bank has kept its policy rate at 0.5 per cent for more than a decade and has kept the economy on a steady path.
But it would also