Britain has officially abandoned its claim to be the world's fifth largest economy. "Britain is the world's sixth largest economy," Hammond said in his closely-watched budget speech. The numbers show that France will narrowly squeak ahead of Britain in the group's 2017 ranking of global economies, with its advantage predicted to widen considerably in 2018. India is forecast to power past both Britain and France in 2019. Related: Brexit Britain slashes growth forecastHere are the world's top seven economies, according to the 2017 IMF forecast:

Source: CNN November 22, 2017 17:26 UTC