London: China is set to become the world’s largest economy by 2028, according to a report. Experts say Japan will retain its current third position and India will overtake fourth-ranked Germany by 2030.
This is according to a report released by the Center for Economics and Business Research (CEBR) on Saturday. Covid expansion and economic collapse are holding America back.
U.S. The growth rate in 2022-2024 is 1.9 per cent per annum. After that, it is likely to fall to 1.6 per cent. However, China aims to grow at an average rate of 5.7 percent per year from 2021-25.