According to a report by the British think tank CEBR, China will overtake the United States as the world’s largest economy in 203, due to the conflicting performance of the world’s top two economies during the Koroya period.
The CEBR report predicts that China will overtake the United States to become the world’s largest economy by 203. However, CEBR estimates claim that China will become the world’s largest economy five years ahead of other agencies’ estimates. Other agencies predict that China will overtake the United States in 202. The report says that economic growth in countries around the world, including India, depends on what the corona situation will be.
The CEBR said that the recent economic and power struggle between the US and China, the Corona epidemic and the collapse of global economies, have certainly created an environment in China’s favor. During the Corona period, China dealt with the epidemic very efficiently in the early stages of the outbreak. On the other hand, the epidemic has had a serious impact on the long-term development of Western countries. In such a scenario, China’s overall economic performance has improved. Between 2021 and 2021, China’s average economic growth rate is expected to be 7.5 percent and in 2050-60, it will be 7.5 percent. On the other hand, the United States expects to see strong growth in 2021 after the Corona epidemic. However, its growth rate can be as low as 1.2 percent per year between 205 and 205 and 1.6 percent in 203.