India will become the third economic superpower by 2037 and a $10-trillion economy by 2035, Centre for Economics and Business Research (CEBR), a leading London-based consultancy, has said. Published on Monday, the report said the world is moving towards recession. However, over the next five years, the annual rate of India’s GDP growth is expected
Long-term damage will derail growth that would have seen UK overtake Germany, consultancy warns Jeremy Hunt’s tax raid will leave Britain stagnating on the world stage, according to new analysis that shows the Chancellor’s attack on aspiration will leave the country languishing behind other economies for the next two decades. The Centre for Economics and
High interest rates take a toll as inflation remains a threat China not forecast to pass US as largest economy until 2036 The world faces a recession in 2023 as higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research. The global
The Centre for Economic and Business Research said the UK would grow slower than expected but remain the world’s sixth-largest economy Post-Brexit hopes that Britain could grow its economy faster than the rest of Europe will be dashed because of turmoil in Westminster and the need for “much higher taxes”, a leading think-tank has warned. The Centre
China is not expected to overtake the United States as the world’s biggest economy until 2036 after repeated coronavirus lockdowns stifled growth in the country, forecasts show. Two years ago, China was expected to overtake the US by 2028. Last year, the forecast was delayed until 2030 and now the Centre for Economics and Business
A world economic league table with forecasts for 191 countries to 2037. The latest edition, WELT 2023, comes at a time of significant change in the world order and heightened global economic uncertainty. It is Cebr’s 14th annual world economic outlook report.
Research conducted by Legal & General, in partnership with The Centre for Economics and Business Research (Cebr), has today revealed that UK households will spend a near record of £560 over Christmas, far more than they did in 2019 while receiving much less due to inflation. Collectively, UK households will spend £15.7 billion on Christmas
Full fibre broadband offers download speeds of one gigabit per second (1Gbps), which means it’s up to 16 times faster than the average home broadband connection. It’s also less affected by peak time congestion. The Centre for Economics and Business Research (Cebr) estimates that connecting everyone in the region to full fibre would create a
The Bank of England is walking a narrow path, as it tries to limit inflation without causing an even deeper recession, says Josie Dent, Managing Economist at the CEBR think tank. In particular, by raising rates, the Bank is increasing costs for the millions of households that will face higher mortgage costs from next year onwards. This will mean
Et l’inflation, si elle a reculé à 10,7% en novembre, reste à un sommet en près de 40 ans, alimentant une crise du coût de la vie dans le pays où les grèves se multiplient. “En montant ses taux, la Banque augmente les coûts pour des millions de foyers qui vont faire face à des
The title of a recent ACI Worldwide report makes no secret of the fact that it believes real-time payments are about to ‘have their day’ – it predicts a usage explosion in the coming years. The payment giant’s Prime Time For Real-Time 2022 report, measured 118.3 billion real-time transactions worldwide last year (representing 64.5 per
According to CEBR’s World Economic League Table 2022 report, in 2022, Indonesia’s GDP will lead in ASEAN and fifth in Asia, reaching about $1.927 billion. Following Indonesia is Thailand with a GDP of about 586 billion USD, ranking 2nd in ASEAN region, 8th in Asia in 2022. Along with that, Malaysia, Vietnam, Philippines, Singapore, Myanmar,
Research released by Ricoh Europe has revealed that Digital Transformation could increase EU and UK GDP by 3.4% over the next five years – equivalent to €622 billion of growth. The research, conducted by Opinium and analysed by CEBR on behalf of Ricoh Europe, polled 6,000 workers and 1,500 decision-makers across the UK, Ireland, France,
The hospitality and tourism industry is expected to be hardest hit by the rising strikes, which will further dampen economic activity. The Center for Economic and Business Research (CEBR) estimates that by the end of January, rail strikes will hurt GDP by almost £500m. Doug McWilliams, founder of CEBR, said: “Rail strikes are impacting GDP
The CEBR points to RPI data suggesting that the average price of a pint in October rose by 5.9 per cent on a year ago to £4.15, putting off consumers amid high energy and food costs. The switch to a winter World Cup has also been a hindrance rather than a help, as customers opt to stay
