In 2022, global GDP will exceed 100 trillion: it is the first time

For the first time, global GDP will exceed $ 100 trillion in 2022, two years ahead of forecasts.

This was announced by the Center for Economics and Business Research.

According to the study by the research institute, in the near future the geography of the world economy will profoundly change: China will become the first economy in the world in 2030, taking the lead from the United States, 24 months later than previous calculations. Next year will see India overtake France, while in 2023 it will beat Germany; then it will become the third largest economy in the world in 2031.

Russia will enter the top ten economic powers in 2036 and Indonesia in ninth place in 2034.

As for Italy, in 2022 it will remain in eighth place in the standings, thanks to the work of the government: "The former president of the ECB Mario Draghi has successfully led the country in recent months. But it is not clear how long this period is. of relative political stability will continue ". The reference is to the unknowns related to the election of the President of the Republic.

In any case, our country's economy is destined to lose some of its importance again: "In the next 15 years, we expect a slight deterioration in Italy's position" in the World Economic League Table: "it will drop from eighth place in 2021 to 13th of 2036 ", calculates the study center.

The growth of the world economy is linked to the support and stimulus of governments after the pandemic and the recovery they triggered. With the increase of the Gross Domestic Product in many countries of the world ( all over the USA ), inflation has returned to gallop which, if it becomes a persistent phenomenon, could cause a recession in 2023 or 2024. On a global level, the expensive prices it is accentuated by bottlenecks in supply chains and accompanied by rising energy costs .

(Unioneonline / F)