China is expected to overtake the US in 2028
To become
the world's largest economy while India is predicted to overtake Japan that
year for the third place in the same league,
A London-based economic and
business research group
The Center for Economics and Business Research (CEBR)
revealed in its annual report that China's gross domestic product (GDP) in
dollars would overtake the US in 2028.
India will overtake Japan in
2028 to become the world's third largest economy.
Japan is likely to
follow a weak currency policy for the foreseeable future which means that its
GDP in dollar terms gets overtaken by India earlier than we had previously
expected
The annual report issued by the CEBR, a leading economic
consultancy in Britain, covers the 30 largest economies in the world.
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