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 Research expects that it will take until 2036 for output in China to overtake that of America.
Trade tensions with western countries have added to China’s woes after pandemic-induced lockdowns took their toll on economic activity, according to the economists’ latest “world economic league table”.