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New chart shows China could overtake the U.S. as the world’s largest economy earlier than expected

New chart shows China could overtake the U.S. as the world’s largest economy earlier than expected
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China is set to overtake the United States as the world’s largest economy a few years earlier than anticipated due to the coronavirus pandemic, analysts said.

The U.S. reported last week that gross domestic product in 2020 contracted by 2.3% to $20.93 trillion in current-dollar terms, based on a preliminary government estimate.

Read more: https://www.cnbc.com/2021/02/01/new-chart-shows-china-gdp-could-overtake-us-sooner-as-covid-took-its-toll.html?__source=iosappshare%7Cnet.whatsapp.WhatsApp.ShareExtension

SOURCE: CNBC

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