'UK could be fastest-growing G7 economy if it gets trade deals right'

PwC predicts UK will be hit in short term by Brexit, but will outperform US, Canada, France, Germany, Italy and Japan by 2050

The UK could shake off the near-term impact of Brexit to become the fastest-growing economy in the G7 group of rich countries between now and 2050, according to a report that paints a bright outlook for the country's prospects outside the EU.

Consultants PwC say the UK economy will not escape entirely unscathed from the decision to leave the bloc and that it will dampen growth prospects in the short term. But the brunt of the impact would be felt by 2020 and in the years that follow the UK would outperform its peers thanks to its relatively large working age population and its flexible economy.

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