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China May Become The World's Largest Economy

China may become the world's largest economy. CEBR stated that the policies for the epidemic have strengthened China's economy.

China May Become The World's Largest Economy
Yazar: Elif Dinçer

Yayınlanma: 26 Aralık 2020 13:35

Güncellenme: 23 Kasım 2024 07:31

China May Become The World's Largest Economy China may become the world's largest economy. In the annual report published by the think tank CEBR, it was stated that the policies towards the epidemic strengthened China to become the largest economy in the world. According to the news compiled by CNBC, The Center for Economics and Business Research (CEBR) has published an annual report. In this report, stated that the coronavirus epidemic and the economic crisis it created resulted in China's favor in this competition. In the evaluation of CEBR, it was noted that China's successful management of the epidemic by taking early quarantine measures improved China's economic performance relatively. In the assessment in question, it was pointed out that the expectations that China will become the world's largest economy by leaving the USA behind in 2033 were pulled forward 5 years due to the differences in the recovery process of the two countries from the epidemic. While it was noted that the recovery process of the USA from the effects of the epidemic will strengthen in 2021, it was stated that the growth could decrease to 1.9 between 2022 and 2024, and then increase to 1.6. The report noted that China is expected to grow 5.7 percent in the 2021-2025 period and decrease to 4.5 percent in the 2026-2030 period.
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