For the first time, the UK fell out of the top ten leading countries in the worl…

🇬🇧For the first time, the UK fell out of the top ten leading countries in the world for industrial production and fell below Russia.

This data is provided by the Times newspaper with reference to an analysis by the industry association Make UK.

It is stated that the fall occurred against the backdrop of a “redrawing of the contours” of the global economy.

Over 2022, Britain fell from 8th to 12th place in the ranking of manufacturing economies, behind Mexico and Russia, which rose to seventh and eighth place respectively.

“Mexico benefited from increased investment from China, while Russia increased its defense production to 6% of GDP. China came in first, followed by the United States,” the article says.