China will be the new superpower of the world economy in 2031

Emre ERGUL
The world is changing, and so are the bosses of its global economy… According to a report by American economists, the world’s economic center will shift from Europe and North America to Asia by 2030. CEBR is the publisher of the report… According to the 13th “World Economic League” report prepared by the “Center for Economics and Business Research” at the end of 2022, China will surpass America economically by 2030. In fact, it has been written for years that China will overtake the USA by 2028. However, the rapid recovery of the USA in 2021 and China’s loss of time and power due to COVID-19 since December 2019, delayed the standings in the league table by 1-2 years. According to CEBR, by 2031, the “global Top10” will be: China ($37.6 trillion), the United States ($35.4 trillion), India ($6.8 trillion), Japan ($6.4 trillion), Germany ($6.3 trillion), United Kingdom ($4.6 trillion), France ($4.2 trillion), Brazil ($3.1 trillion), Canada ($3 trillion), Italy ($3 trillion).

Top 10 from Asia
There are 3 (China, India and Japan), 4 (Germany, UK, France and Italy) countries from Europe. The only South American representative, 8th placed Brazil…
Russia is not on the list
The most striking point of the report is that Russia is not in the “Top-10” by 2030. According to CEBR, Moscow will have paid the price of the sanctions and global isolation imposed on them due to the Ukraine War it started in February 2022, by “not growing” over the years. However, according to CEBR, Russia will “shake off” after 2030 and enter the list at 10th place with $3.5 trillion by 2036. CEBR opens a special paragraph for India, which occupies the third place in its 2030 report: “India, whose gross domestic product was 949 billion dollars in 2006, reached 3.1 trillion dollars in 2022. Growth will continue in the next 15 years.” So what’s behind this? According to CEBR, India’s biggest advantage is its “young population.” For example, the country’s average age is 20 years younger than Japan, which is now the third powerhouse in the global economy. The service sector’s 55 percent of the gross national product, the interest of the world’s leading companies in the English-speaking workforce in the country, the incentive policy, India’s three big pluses… The “hidden riser” of the CEBR report is Indonesia… $1.7 trillion as of 2026 The Southeast Asian country, which is expected to have an economy, will not be able to enter the “Top-10 list” of that year, even if it reaches 2.6 trillion dollars in 2030. However, according to CEBR, which states that Indonesia’s rise will continue, the country will reach $4.1 trillion in 2036 and reach the 2036 list. [grafikte de görüldüğü üzere] He’ll be in the 8th row. Another point that emerges when the 2030-2036 lists are compared is that Canada and Italy, which are expected to be in the top 10 in 2030, will regress to the 11th and 13th places in 2036. CEBR is awarded to Ball State University in Indiana, USA. affiliated institution. CEBR, which examines the global health, finance, transportation and energy sectors, publishes reports and forecasts on economic policies. The institution also owns two newspapers, the American Journal of Business, in print and the Indiana Business Bulletin, online.