Analysts predicted a change in the world's largest economy

 In 2037, the United States will lose its status as the world's largest economy to China, according to a report by the British Center for Economic and Business Research. Last year, analysts expected this to happen in 2036. At the same time, according to the forecast, by the 2050s the United States will again overtake China, and in the 2080s the status of the world's largest economy will pass to India. It is expected that the latter will take third place in the ranking in 2035. Russia ranks 8th in the CEBR ranking, but will drop to 11th in 2024.

Despite expectations that Germany's economy will rebound next year, analysts expect it to lose third place to Japan in 2026, followed by India in fourth place the following year. Overall, German economic growth will slow down by 2038.

According to the CEBR report, Russia ranks eighth among global economies this year, up one spot from last year. However, next year it is expected that it will drop to 11th place, and in 2038 - 14th. Economists note that “the outlook is extremely uncertain.”

The UK will retain sixth place in the ranking; according to researchers, it will close the gap with Germany in the coming years (to 28.8% by 2038). During the same time, the British economy will grow faster than the French one and by 2038 will overtake it by 19.9%."

According to British analysts, global GDP at the end of this year will be $104 trillion, and over fifteen years it will more than double - to $219 trillion. However, this will be largely due to the growth of the economies of less developed countries. The economies of Vietnam, Bangladesh and the Philippines are growing the fastest, according to the report.

Economists warned that while long-term issues such as climate change have been sidelined by recent economic and political pressures, they are “not going away”. They predicted that severe negative climate impacts will become more common and impose costs in the second half of this century.