Optimistic Outlook Envisions Global Economy Output to Exceed $100trln

Global economic output is expected to exceed $100 trillion, in nominal terms for the first-time next year, a report showed on Sunday.

However, it would take a little longer for China to overtake the United States, as the world’s No.1 economy than previously thought.

China would become the world’s largest economy, in dollar terms in 2030, or two years later than previously projected, in the last year’s World Economic Association calendar’s report, according to Reuters, citing outlook of Saber, a British consulting firm.

On the other hand, it looks like India is about to overtake France next year, meanwhile Britain would regain its place as the world’s 6th largest economy, in 2023.

For its part, Germany is on track to overtake Japan, in terms of economic output, in 2033.

Russia could become among the top 10 economies’ club, by 2036, and, finally, Indonesia appears to be on track to rank 9th, in 2034.