The Centre for Economics and Business Research (CEBR) expects that China’s economy will outshine that of the US by 2028, half a decade sooner than it had previously forecast.
According to a report from the UK-based consultancy group, the country’s quick rebound from the Covid-19 pandemic will generate a two-percent growth in 2020, while the US is expected to contract by five percent. China’s economy, when measured in dollars, is set to narrow the gap with its biggest rival.
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