UK reclaims sixth largest economy slot - Telegraph.co.uk

Lower down the table, Spain, Switzerland, Norway and Belgium will all suffer big falls.

CEBR expects India to overtake the UK by 2017 to become the largest economy in the Commonwealth and the end 2022 six places higher than today at the world's fourth biggest.

Brazil will be fifth and Russia will have climbed two places to seventh. China will remain the world's second biggest economy, but will have closed the gap on the US. At the moment it is 53pc as large as the US but by 2022 it will be 83pc as large.

The next decade will also see the emergence of Indonesia as an economic powerhouse, rising six places to break into the top 10 for the first time.

"The league table shows the dramatic changes now taking place in the world's economic geography with slow growing European economies falling back and Asian economies, even though their growth is slowing, catching up," Mr McWilliams said.