Analysis: Pandemic Speeds China’s Rise to Become World’s Largest Economy

According to a CEBR report, China's GDP is expected to grow by 2.0% in 2020, while U.S. GDP is expected to shrink by 5.0%. Globally, the projection is for a GDP contraction of at least 4.0%.

RIO DE JANEIRO, BRAZIL - The Covid-19 pandemic should lead China to overtake the United States in total wealth production by 2028, five years earlier than previously forecast, which would make it the largest economy in the world.

The previous projection was that the change in the ranking should only occur in 2033, but it should now happen in 2028, according to a study by the UK-based Centre for Economics and Business Research (CEBR).

The report, which monitors and prepares economic projections for 193 countries, states that Asian countries, particularly those in East Asia, have been more successful in . . .

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