Jakarta, CNBC Indonesia – The world’s economic output is expected to penetrate more than US$ 100 trillion for the first time in history next year.
Meanwhile, China is said to need a little longer than previously thought to overtake the United States (US) as the country with the world’s number one economic power.
Cebr, a British Consultant, estimates that China will become the world’s largest economy in 2030, two years later than last year’s World Economic League Table report projected.
India is said to be overtaking France next year. The UK in 2023 will again embrace the position of the world’s sixth largest economy, the Cebr report said.
“The key issue for the 2020s is how the world economy copes with inflation, which has now reached 6.8% in the US,” Cebr vice chairman Douglas McWilliams said.
“We hope there will be more modest adjustments. If not, then the world needs to prepare for a recession in 2023-2024,” he continued.
The report also suggests Germany is on track to overtake Japan by 2033. Meanwhile, Russia is estimated to be in the top 10 largest economies in the world by 2035.
So, what about Indonesia? The report states that Indonesia will occupy the position of the country with the ninth largest economy in 2034.
(Cha Cha dance)
– .
