According to a survey released on Sunday, the world’s economic output will surpass $100 trillion for the first time next year, and China will take a little longer than originally believed to overtake the United States as the world’s largest economy.

China will overtake the United States as the world’s largest economy in dollar terms in 2030, according to British consultancy Cebr, two years later than forecasted in last year’s World Economic League Table study.

According to Cebr, India is on track to overcome France next year and then Britain in 2023 to reclaim its position as the world’s sixth largest economy.

“The key challenge for the 2020s is how global economies deal with inflation, which has now reached 6.8% in the United States,” said Douglas McWilliams, Cebr deputy chairman.

“We’re hoping that a small tweak to the tiller will be enough to control the non-transitory parts. If this does not happen, the world will have to prepare for a recession in 2023 or 2024.”

According to the analysis, Germany will overtake Japan in terms of economic output in 2033. By 2036, Russia could be a Top 10 economy, while Indonesia appears to be on course to finish ninth in 2034.

The Shining Media

The Shining Media is an independent news website and channel, covering updates from the world of Politics, Entertainment, Sports, International, National, and a lot more.

By The Shining Media

The Shining Media is an independent news website and channel, covering updates from the world of Politics, Entertainment, Sports, International, National, and a lot more.

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