China to overtake US economy by 2032

China-US trade war has slowed Chinese growth

Emerging countries will take longer to outpace developed economies, says CEBR.

In the race to outpace developed economies, emerging countries such as China, India, and Brazil suffered a setback this year and will outgrow them later than previously expected, the Centre for Economics and Business Research (CEBR) said.

The consultancy firm's 2019 World Economic League Table is more pessimistic on the global economy than last year's outlook.

"For the medium term, we are roughly as optimistic as we were a year ago, but suspect the route to growth will be bumpier than we had assumed 12 months ago," says the report, which forecasts the prospects of 193 countries to 2033.

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