China to Overtake U.S. Economy by 2032 as Asian Might Builds

26 Dec 2017   China, USA

CEBR publishes World Economic League Table and predictions Report sees India overtaking both U.K., France next year A man carries a kite in the shape of the Chinese national flag n Shanghai. The growing importance of Asia’s major economies will continue in 2018 and beyond, according to a league table that sees the region dominating in terms of size in just over a decade. The report by the Centre for Economics and Business Research in London sees India leapfrogging the U.K. and France next year to become the world’s fifth-biggest economy in dollar terms. It will advance to third place by 2027, moving ahead of Germany. In 2032, three of the four largest economies will be Asian — China, India and Japan — and, by that time, China will also have overtaken the U.S. to hold the No. 1 spot. India’s advance won’t stop there, according to the CEBR, […]

Tags:

Comments are closed.