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Global economic output will exceed $ 100 trillion for the first time in 2022

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In a report, UK consultancy Cebr predicts that China will become the world’s top economy on a dollar basis in 2030.

According to the same report, India will overtake France next year and Britain in 2023 to regain its position as the world’s sixth-largest economy. (AA)

World economic output will exceed $ 100 trillion for the first time next year, and it will take China a little longer than previously thought to overtake the United States.

British consultancy Cebr predicted on Saturday that China would become the world’s top economy on a dollar basis in 2030. This is two years behind the forecast in last year’s World Economic League Table Report.

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India will overtake France next year and Britain in 2023 to regain its position as the world’s sixth-largest economy, Sebul said.

“A key issue in the 2020s is how the global economy deals with inflation, which now reaches 6.8% in the United States,” said Cebr Vice Chairman Douglas McWilliams.

“We hope that by adjusting Tiller relatively conservatively, we will be able to control non-temporary factors. Otherwise, the world will need to prepare for a recession in 2023 or 2024.”

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The report showed that Germany was on track to overtake Japan in terms of economic production in 2033.

Russia has the potential to become the top 10 economy by 2036, while Indonesia is aiming for 9th place in 2034.

Source: TRT World and distributors

https://www.trtworld.com/business/world-economic-output-to-top-100-trillion-in-2022-for-first-time-53032?utm_source=other&utm_medium=rss Global economic output will exceed $ 100 trillion for the first time in 2022

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