"The Covid-19 pandemic and corresponding economic fallout have certainly tipped this rivalry in China's favour." China looked set for average economic growth of 5.7% a year from 2021-25 before slowing to 4.5% a year from 2026-30. Japan would remain the world's third-biggest economy, in dollar terms, until the early 2030s when it would be overtaken by India, pushing Germany down from fourth to fifth. The United Kingdom, currently the fifth-biggest economy by the CEBR's measure, would slip to sixth place from 2024. It also said the pandemic's impact on the global economy was likely to show up in higher inflation, not slower growth.

Source: Dhaka Tribune December 26, 2020 00:00 UTC