China to overtake US as largest Global economy by 2028.
                     CHINA TO OVERTAKE US AS 
LARGEST GLOBAL 
ECONOMY BY 2028
 A recent study reveals that China is rising beyond America to 
become the world's largest economy with the coronavirus 
pandemic and its economic effects. 
 A UK think tank has already confirmed in its most recent report, 
Beijing is predicted to surpass the US by 2028. 
INTRODUCTI
ON
Source: YouTube
 The Centre for Economics and Business Research (CEBR) has 
said in an annual report that they expect the share of global GDP 
in the United States to decrease from 2021, and China to 
eventually be overtaken as the world's largest economy.
GLOBAL 
GDP
Source: www.businessstandard.com
 With the world economic league table (WELT) that tests the 
economic success of the nations, it is expected to happen in 
2028, five years earlier than in the previous version of the WELT.
WORLD 
ECONOMIC 
LEAGUE 
TABLE
Source: www.moneycontrol.com
 China was the first economy to witness the outbreak of the 
pandemic, but it soon overcame the challenges. 
 China has reportedly weathered the pandemic faster than the 
West, allowing China to hold the highest position five years ago 
in dollars than it was predicted a year ago. 
CHINA, FIRST 
TO WITNESS 
THE COVID-19 
OUTBREAK
Source: www.indusscrolls.com
 The increased speed was due to the disparity between the 
reaction to the coronavirus pandemic and the recovery resulting 
from Beijing and Washington. 
 The paper praised Chinese "qualified pandemic management," in 
which the statistics were kept under control at an early lock-down. 
CHINA WAS 
SKILLFUL 
WITH THE 
PANDEMIC
Source: www.moneycontrol.com
 The study added that there is still a good recovery in China after 
the pandemic in the next year, but progress in the next two 
years will slow down to 1.9% and 1.6%.
RECOVERY 
AFTER 
PANDEMIC
Source: www.cnn.com
 In the other hand, China has a 5.7 percent a year average 
growth rate between 2021 and 2025. It will slow down by 4.5% a 
year between 2026 and 2030.
AVERAGE 
GROWTH 
RATE
Source: www.moneycontrol.com
 By early 2030, when India will overcome the economy, Japan is 
predicted to stay the third-larges economy and drive Germany to 
5th.
ECONOMY
Source: www.financialtimes.com
 As per the report the United Kingdom will collapse to sixth 
position by 2024, now the fifth largest economy.
 In 2021, however, British GDP was expected to be 23 percent 
higher from its withdrawal from the single European Union 
market in Dollars by 2035, backed by the UK's leadership in the 
highly relevant digital economy.
EUROPEAN 
UNION 
MARKET 
Source: www. insamer.com
 In 2020, Europe accounted for 19% of production in the top 10 
global economics, but by 2035 it will decline to 12% or below if 
the EU-Britain break occurred acrimoniously, said the CEBR.
 It also claimed that there will be a stronger inflation rather than 
slower growth in the result of the pandemic on the global 
economy.
GLOBAL 
ECONOMY
Source: www.economictimes.com