The CEBR takes its base data from the IMF’s World Economic Outlook and uses an internal model to forecast growth, inflation and exchange rates According to the Centre for Economics and Business Research, the world will experience a recession in 2023 as a result of rising borrowing prices intended to combat inflation. According to the British consultancy’s annual World Economic …
Amidst the economic slump caused due to the outbreak of the Wuhan Coronavirus, India is projected to overtake the United Kingdom to become the fifth-largest economy in the world by 2025. This growth trajectory will see India become the world’s third-largest economy by 2030, overtaking the UK in 2025, Germany in 2027 and Japan in 2030,” the think tank noted. …
The report further said India is also set to reach a gross domestic product of USD 5 trillion by 2026, 2 years later than the government’s target. New Delhi: India is expected to overtake Germany to become fourth-largest economy in 2026 and Japan to become third largest in 2034, according a recent report by the UK-based Centre for Economics and …
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