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Well, British economy had been declining since 1880. By 1910, it was surpassed by Germany. Although still behind Britain in agriculture and services regarding productivity, Germany's industrial productivity was 27% higher than Britain (1). But, during the years between 1911-1914, there had been signs of a resurgence, as growth rate became faster during 1900-1909.
What if ww1 never happened? How would its economy develop?
Would Britain's economy become resurgent and could again rival Germany as Europe's leading economy, or would it continue to lag behind, with the gap in industrial productivity accelerating and Germany's GDP per capita and total productivity surpassing Britain by around 1930s-1940s (2). Note that the first world war had totally caused German's productivity growth to fall far from its pre-war trend (2).