Report: China Will Overtake U.S. as World’s Biggest Economy by 2032

Asia’s growing economies are about to reach a global turning point. According to a new report by London’s Center for Economics and Business Research, India will become the world’s fifth-largest economy, surpassing the U.K. and France, possibly within the next year. By 2032, China is set to overtake the U.S. to become the world’s largest economy, as measured in dollar terms. Under that projection, the U.S. will be followed by India and Japan.