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PREDICTIONS OF CENTRE FOR ECONOMICS AND BUSINESS RESEARCH (CEBR)

PREDICTIONS OF CENTRE FOR ECONOMICS AND BUSINESS RESEARCH (CEBR)

Context:

On 26 December 2021, the Centre for Economics and Business Research (CEBR) has predicted that regain its sixth position from France next year and become the third-largest economy by 2031.

Key Highlights:

  • The London-based think tank has said that, in the next 15 years, India will see the development of its status at the World Economic League Table (WELT).
  • WELT also predicted that China will overtake the US in 2030, two years later than forecast a year ago.
  • India will rise from 7th place by 2021 to become the third-largest economy in the world by 2036.
  • India will again take over France to regain its 6th place in the 2022 WELT list, which it lost to France for a while in 2021.
  • By 2033, Germany will overtake Japan in terms of economic impact.
  • Russia could be the Top 10 economy by 2036.
  • By 2034, Indonesia is looking for ninth place.

Center for Economics and Business Research (CEBR):

  • It is one of the UK's leading economic consultancies.
  • It was formerly called the Bureau of Business Research. 
  • It is a centre for economic policy research and forecasting. 
  • The centre is headquartered in the USA. 
  • CBER research covers health care, regional economics, public finance, energy sector studies and transportation.

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