Since China has provided an effective response to the coronavirus epidemic, the Asian country’s economy will leave the US economy in 2028 before the end of the decade.

Coronavirus: the second wave, the second closure

Later than expected by many, but in mid-November, the Hungarian government also decided to try to curb the second wave of the coronavirus epidemic by introducing restrictions. At the time of the decision, 5,000 new infections had been identified per day and the number of deaths from the virus was mostly between 50 and 100 in 24 hours. The first step is a partial closure, but how effective it is is questionable. Follow our news!

A British think tank called the Center for Economic and Business Research (CEBR) has so far predicted that China will overtake the world’s current largest economy in 2033, but due to the effects of the Covid-19 epidemic and the response to the pandemic, it will. it will happen. “We expect the US economy to represent a gradually declining share of world GDP starting in 2021, which will put China ahead of its current world leader,” predicts CEBR.

According to a study cited by the German news portal dw.com, the change behind the 2033 date is mainly due to China’s different and effective response to the coronavirus epidemic and its ability to keep the number of infected low due to strict closings in a timely manner. According to CEBR, growth will also be relatively fast in the US in 2021, but another slowdown is expected from 2022 onwards. The United States can expect average annual growth of around 1.6 percent, while in China this figure will be around 5.7 percent between 2021 and 2025. Between 2026 and 2030, China will also slow down, with a rate annual average growth of 4.7 percent.

According to CEBR, Japan will remain the world’s third-largest economy until the early 2030s, but then India will rank third.



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