December 28, 2021
The world economy is set to cross US$100tn for the first time ever.
If the Inflation still lingers on, there are chances of economies landing into recession.
CEBR predicts that China will overtake the USA by 2030, a year later than expected.
India is predicted to surpass France by 2022 to become the third’s largest economy.
In 2022, the world economy is set to cross US$100 trillion for the first time,two years earlier than it was predicted, according to the Centre for Economics and Business Research.
Post-pandemic, the global gross domestic product has shown signs of increasing gradually though if inflation persists, there may be chances of the economies landing into recession, said the London-based think tank.
The predictions are in alignment with the estimates of the International Monetary Fund who also said that the global GDP will surpass US$100 trillion by the year 2022.
The CEBR also made the following predictions: