British report: China’s economy will overtake America faster than expected

London - Sana

The British Center for Economic and Business Research predicted that China would become the largest economy in the world by overtaking the US economy five years earlier than expected.

The Center for Economics and Business Research (CIBR) said that China will exceed previous expectations, which predicted that it would surpass the US economy in 2033, which means that this will happen by 2028.

According to a report issued by the center, the average economic growth of China will reach 5.7 percent from 2021 to 2025, and it is expected that the average growth will reach 4.5 percent in the period between 2026 and 2030.

The British Center expected a sharp decline in the Turkish economy and expected India to reach third place in 2030.