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Question

Which of the following statements is/are correct with reference to the annual report of Centre for Economics and Business Research on global economy?

A China will overtake the United States to become the world's biggest economy in 2028.
B The United Kingdom, currently the fifth-biggest economy by the CEBR's measure, would slip to sixth place from 2024.
C Both A & B
D None of these
Answer & Explanation
Option: Both A & B

Explanation:

China is going to overtake the US to become the world's biggest economy by 2028, five years earlier than previously forecast, due to the COVID-19 pandemic. The United Kingdom, currently the fifth-biggest economy by the CEBR's measure, would slip to sixth place from 2024.
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