The world economy will surpass $ 100 trillion for the first time in 2022: Reuters report
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LONDON (Reuters) – World economic output will exceed $ 100 trillion next year for the first time, and China will need a little more than expected for the United States to surpass its former economy, a report showed on Sunday.
British consultancy Cebr has announced that China will become the world’s largest economy in dollars by 2030, two years later than projected in last year’s World Economic League Table report.
India looks set to overtake France next year and overtake Britain in 2023 to regain its place as the world’s sixth-largest economy, Cebre said.
“An important issue for the 2020s is how the world’s economies are coping with inflation, which has now reached 6.8% in the US,” said Douglas McWilliams, vice president of Cebr.
“We hope that a modest adjustment of the stick will bring non-transient elements under control. Otherwise, the world will have to face a recession in 2023 or 2024.”
The report showed that Germany was on its way to overtaking Japan in 2033. Russia could become the Top 10 economy by 2036, and Indonesia is on track to reach ninth place in 2034.
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