China won’t over­take US econ­omy un­til 2028

China Daily (Canada) - - NEWSCAPSULE -

China might not over­take the US econ­omy as the world’s largest un­til 2028, later than what some an­a­lysts had pre­dicted, ac­cord­ing to a new re­port.

“This is later than some an­a­lysts have sug­gested and re­flects the con­tin­u­ing per­for­mance of the US as the West’s strong­est econ­omy and the slow­ing down of the Chi­nese econ­omy,” the Lon­don-based Center for Eco­nom­ics and Busi­ness Re­search (CEBR) said in its an­nual re­port.

Based on CEBR’s fore­casts, In­dia will over­take Ja­pan in 2028 to be­come the world’s third largest econ­omy.

The an­nual re­port is­sued by the CEBR, a lead­ing eco­nomic con­sul­tancy in Bri­tain, cov­ers the 30 largest economies in the world.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.