World Economy To Top $100 Trillion In 2022 For The First Time

  • The world's economic output will exceed $100 trillion for the first time next year and it will take China a little longer than previously thought to overtake the United States as the Number 1 economy, a report showed on Sunday. 
  • British consultancy, Cebr, predicted China will become the world's top economy in dollar terms in 2030, two years later than forecast in last year's World Economic League Table report. 
  • India looks set to overtake France next year and then Britain in 2023 to regain its place as the world's sixth-biggest economy, 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.," said Cebr deputy chairman Douglas McWilliams.

(Source: Investing.com)