It is expected that the world's economic production will surpass $100 trillion for the first time next year, and that China will take a bit longer than originally anticipated to surpass the United States as the world's leading economy.
The British consultancy Cebr estimated that China would overtake the United States as the world's largest economy in dollar terms in 2030, two years later than forecasted in the World Economic League Table study released last year.
According to the Center for Economic and Business Research, India is on track to reclaim its position as the world's sixth largest economy next year, followed by the United Kingdom in 2023.
"How the global economies manage with inflation, which has already reached 6.8 percent in the United States, is a major concern for the 2020s," said Douglas McWilliams, vice chairman of the Central Bank of the United States.
"We are hopeful that a very little change to the tiller will be sufficient to bring the non-transitory aspects under control. If this is not the case, the globe will have to prepare for a recession in 2023 or 2024, at the earliest."
Germany is on course to surpass Japan in terms of economic production by 2033, according to the analysis. Russia is on course to become a Top 10 economy by 2036, while Indonesia is on track to be the ninth largest economy in the world by 2034.
Source: Reuters
I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to
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understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia.
I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine.
I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan"
I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy
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