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Economic Indicator

26 Dec 2021

Global Economy Expected to Hit a Record $100 Trillion in 2022

The Index Today

The global economy is anticipated to surpass the $100 trillion mark in 2022 for the first time in history. However, it will be a while before China succeeds in overtaking the U.S. as the world’s leading economy.

According to Cebr, a British consultancy firm, China is expected to surpass the U.S. as the number one economy by the end of the decade. They also contended that India is prepared to outshine France in 2022 and Britain in 2023, as it makes its way back to being the sixth largest economy in the world.

Douglas McWilliams, the Deputy Chairman of Cebr, said, “The important issue for the 2020s is how the world economies cope with inflation, which has now reached 6.8% in the U.S."

Cebr’s report also suggests that Germany will surpass Japan’s economy in 2033, while Russia could potentially make its way into the list of top 10 world economies by 2036.

©Photo: Earth Data Stock Photo

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