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$100T world economy in 2022; China #1 by 2030: Report

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Content Team
Image Credit: NewsBytes

The global economic output is set to surpass $100 trillion in 2022, two years earlier than previously forecast, said a report by the Centre for Economics and Business Research (CEBR). It will take China a little longer than previously thought to overtake the United States as the number one economy, the report added. However, China will be able to overtake the US in 2030.