atans1

Post Covid-19: India’s ascent but there’s a catch

In China, India on 29/12/2020 at 6:04 am

The UK-based Centre for Economics and Business Research (CEBR) said India will become the third largest global economy by 2030.

India had overtaken the UK as the fifth-biggest economy in 2019 but has slipped behind it again due to the pandemic’s impact. It won’t take over again until 2024, the CEBR says India’s economy will go on to overtake Germany in 2027 and Japan in 2030.

But the bad news for India is that China will overtake the US to become the world’s largest economy by 2028, five years earlier than previously forecast, according to the CEBR.

China’s management of Covid-19 would boost its relative growth compared to the US and Europe in coming years.

FYI in Cynical Historian: 1960: PAP turns S’pore into a Workers’ Paradise

  1. Just maintain substantial stakes in all 3 countries’ stocks & assets.

    Tough for most sinkies who are home-country-biased. Even the older millennials.

    Gen Z & younger millennials are more flexible. Many have used this covid year to get into US stocks & cryptos.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: