At the end of each year, the Center for Economics and Business Research (CEBR) compiles a forecast for the next decade and a half of the order of the world’s leading economic power centers based on nominal gross domestic product (GDP) in dollars at current prices.

In their new analysis presented on Sunday (CEBR World Economic League Table, WELT 2022), house experts said: they expect a steady global recovery from the coronavirus epidemic, and based on their calculations, the annual value of gross domestic product in the world economy will exceed one hundred thousand billion dollars in 2022, the first time the company predicted last year.

Analysts at the company recall that last year’s WELT forecast for the Chinese economy is as predictable as it was predicted, based on which CEBR had set China as the world’s largest economy by 2028, five years earlier at the time of the previous report. , squeezing back to the United States in second place.

However, according to WELT 2022 presented on Sunday, CEBR is currently predicting this change of position by 2030 due to slower-than-expected growth in China and faster-than-expected growth in U.S. GDP.

The company expects the Chinese economy to remain the world’s largest economy after the switch until the end of the 2036 forecast horizon for the current WELT ranking.

According to the new WELT forecast, China will become a high-income economy in 2024, one earlier than previously expected, but it was still earlier than the date in China’s official plan.

This year’s study by CEBR on why the top three fastest-growing economies in the rankings are in the emerging Asian region: according to WELT 2022 Vietnam from 41st in this year to 20th in the world by 2036, Bangladesh from 42nd to 24th, a Philippines it will move from 37th to 25th by the end of the next year and a half.

CEBR forecasts that the German economy will overtake Japan in 2033, with the Japanese economy slipping from its current third to fifth place in the world’s largest economy by 2036, according to a forecast released on Sunday. From 2031, India will be the third largest economy in the world according to WELT 2022.

CEBR London analysts have given a optimistic forecast for the outlook for the Russian economy. According to WELT 2022, if the regulatory problems surrounding the deployment of the North Stream 2 natural gas between Russia and Germany are resolved, and if further sanctions against Russia are avoided, the Russian economy, which is currently ranked 12th, will have it could become its tenth largest economy.

According to CEBR’s long-term forecast, the Hungarian economy will be ranked 56th on the list of 193 holdings in terms of gross domestic product in dollars this year, and this position will not change until the end of the one-and-a-half-decade forecast period. For Hungary in the WELT ranking.

Cover image: Getty Images