Chinese economy scheduled to take over the top place from the USA economy in 2032
The 2018 World Economic League report published by Center for Economic and Business Studies (CEBR) in central London states that India will be the world’s fifth largest economy next year, leaving Britain and France behind. On the other hand it is noteworthy that the same report also says China will take the first place from the United States, in 2032.
The report issues by CEBR states that Asian economies will dominate the list for the world’s top 10 economies over the next 15 years. India will surpass Germany, Europe’s largest economy in 2027 and become the world’s fourth largest economy. Also, the Indian economy will become the world’s fifth largest economy in 2018, leaving behind both the UK and France. The report says China will take over first place from USA in2032
According to the estimations of CEBR, Britain, which will decline to 7th place in 2018, will rise again to 6th place in 2020. But in 2028 it is expected to leave its place to Brazil.
Russia on the other hand is expected from 11th place to 17th place in 2032 as its economy is considered to be rather fragile in terms of low oil prices.
