China's economy in 2037 could exceed US GDP in 2037, according to a report by the British Center for Economics and Business Research (CEBR). Last year's forecast said that this would not happen “at least until 2036.”
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What is known
According to the report, in 2026 Germany may lose third place in the list of the world's largest economies due to low GDP growth rates . According to CEBR forecasts, Japan will be in third place, India will be in fourth place.
By 2035, India’s economy is expected to be $10 trillion and the country will take third place.
In 2038, the share of countries Europe's share of global GDP is expected by CEBR to be 19.2%. In previous years' forecasts, this figure reached 33.5%. The share of Asian countries, on the contrary, will grow from 20.8% to 33.9%, the center believes.
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