CEBR (Centre for Economics and Business Research) gave a report that states China will become the biggest economic power in 2028, 5 years earlier than expected.
China will record an annual growth rate of 5.7% of GDP on average from 2021 to 2025, before growth slows down to 4.5% of annual GDP in the period from 2026 to 2030!
The US economy will recover strongly after the pandemic, in 2021, but the country's growth rate will slow to 1.9% of GDP in the years between 2022 and 2024 and then fall to 1.6%.
Until 2030, Japan is expected to remain the third power and then India will surpass her, dropping Germany from fourth power to fifth and probably the sixth will be Great Britain.
The fact is that the economic map of the planet seems to be changing ... The covid-19 pandemic and the way counties deal with it now has a great effect on the future of global economy.
The only thing we are waiting to see now is what moves America will make in order to remain the first power. New technologies and green economy are expected to play a big part in shaping the future and global economy as well.
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