China Economy Will Become World Biggest Economy By 2028 America Will Be Left Behind – China will become super power by 2028, beating China, India will also do wonders


Business Desk, Amar Ujala, New Delhi
Updated Sat, 26 Dec 2020 11:59 AM IST

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The economy of Corona virus epidemic has affected not only India, but the entire world. But now there are signs of improvement in some countries. China’s economic situation has also improved. It is predicted that by 2028, China’s economy will overtake the US to become the world’s largest economy. It would be five years before the estimate that experts had made before the epidemic. Whereas earlier it was believed that China would reach this point by 2033.

American economy is still struggling
Now the situation has changed with the corona virus epidemic. During this time China managed to get out of this crisis rapidly, while the American economy is still struggling. For this reason, the Center for Economics and Business Research (CEBR) has claimed in its annual report that China will overtake the US five years earlier than anticipated.

In this context, CEBR has stated that China’s ‘epidemic efficient management’, strict early lockdown and hit for long-term development in the West meant China’s economic performance was improving. At the same time, the US economy is expected to be affected by this for a long time.

Economic growth rate will be so much
It is known that China looked ready for an average economic growth of 5.7 percent between 2021 and 2025, before the annual economic growth slowed to 4.5 per cent between 2026 and 2030. The United States was likely to rebound after a strong epidemic in 2021. Its growth rate will come down to 1.9 per cent between 2022 and 2024 and 1.6 per cent thereafter.

India will overtake Japan
Talking about India, by 2030 India will be ahead of Japan. Japan will remain the world’s third-largest economy in dollar terms until the early 2030s. But after that India will overtake him. Germany will slip from fourth to fifth place in the list. Currently, the UK is ranked fifth, but in 2024 it will slip to the sixth position.

The economy of Corona virus epidemic has affected not only India, but the entire world. But now there are signs of improvement in some countries. China’s economic situation has also improved. It is predicted that by 2028, China’s economy will overtake the US to become the world’s largest economy. It would be five years before the estimate that experts had made before the epidemic. Whereas earlier it was believed that China would reach this point by 2033.

American economy is still struggling

Now the situation has changed with the corona virus epidemic. During this time China managed to get out of this crisis rapidly, while the American economy is still struggling. For this reason, the Center for Economics and Business Research (CEBR) has claimed in its annual report that China will overtake the US five years earlier than anticipated. In this context, CEBR has stated that China’s ‘epidemic efficient management’, strict early lockdown and hit for long-term development in the West meant China’s economic performance was improving. At the same time, the US economy is expected to be affected by this for a long time.

Economic growth rate will be so much
It is known that China looked ready for an average economic growth of 5.7 percent between 2021 and 2025, before the annual economic growth slowed to 4.5 per cent between 2026 and 2030. The United States was likely to rebound after a strong epidemic in 2021. Its growth rate will come down to 1.9 per cent between 2022 and 2024 and 1.6 per cent thereafter.

India will overtake Japan
Talking about India, by 2030 India will be ahead of Japan. Japan will remain the world’s third-largest economy in dollar terms until the early 2030s. But after that India will overtake him. Germany will slip from fourth to fifth place in the list. Currently, the UK is ranked fifth, but in 2024 it will slip to the sixth position.


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