World economy would break $ 100 trillion record for the first time in 2022

Against all odds, the world economy would exceed, for the first time in its history, 100 trillion dollars (bdd) in 2022, estimated last Saturday the Centre for Economics and Business Research (CBER, Center for Business and Economic Research, for its English translation), UK.

According to previous forecasts, the 100 billion dollar line would only be reached between 2024 and 2025, which means that this goal would have been reached “at least two years ahead of schedule,” the CBER report states.

In the same way, the British agency assures that the next decade will bring a series of “readjustments in the world economy”, even when the engines were slowed down by the emergence of COVID-19, in 2020.

For example, between 2028 and 2030 China could become the world’s leading economy, an unstoppable advance with everything and the obstacles posed by the two protagonists of this economic race, that is, China and the United States. However, the big surprise comes courtesy of another nation.

“An important issue for the 2020s is how world economies will cope with inflation. We expect a relatively modest adjustment to bring non-transitory elements under control. Otherwise, the world will have to prepare for a recession in 2023 or 2024, “said Douglas McWilliams, vice president of CEBR, in a report collected by Reuters.

According to CBER, it is expected that in 2031 the Indian economy will be the big surprise and take the third place globally, also crowning an unstoppable advance of a country that has advanced by leaps and bounds for at least two decades, but that for This has incurred serious social inequalities.

Similarly, Russia will also be called to be one of the ten global powers for the next ten years. From Asia, Indonesia could be an economic surprise by ranking in the top 10 at the dawn of the year 2033.

For its part, Europe will also show changes in the world economic map, but these will not be positive, since the only one that will remain solid will be Germany. Thus, France, Italy or Spain will lose ground in the following years.

The data

• In 2036, the world’s top 10 economies will be China, the United States, India, Germany, Japan, England, France, Indonesia, Brazil, and Russia, respectively, according to the CEBR.
• Thanks to rapid economic growth, Canada, South Korea, Italy, Australia, Spain, Mexico, Saudi Arabia, the Netherlands, Turkey and Vietnam will be next in the next 15 years, in this order.