Wednesday, February 24

Why the Chinese economy will “overtake” the US in 2028 (five years ahead of schedule)


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  • BBC World News

Caption,

Among the large economies, China is the only one that will have economic growth in 2020.

China will unseat the United States as the world’s largest economy in 2028, five years earlier than previously envisioned by the Center for Business and Economic Research (CEBR).

According to the British think tank, the “skillful” handling of the covid-19 pandemic will increase its growth rate compared to the US and Europe in the coming years.

In this new scenario, India would become the third largest economy in the world in 2030, the place that Japan currently occupies.

Although China was the first country affected by the virus, economists say it controlled the disease through swift and extremely strict action, a strategy that allowed it to avoid the repetition of economically crippling lockdowns as has occurred in other parts of the world.

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www.bbc.com

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