The U.S., China and India may take turns leading the global economy this century, according to an analysis from the Centre for Economics and Business Research.
The CEBR forecast suggests China could potentially take the top spot as the world's largest economy by gross domestic product as early as 2037.
"The ranking of which is the largest economy in the world — that doesn't take into account things like living standards.
Around the world, policymakers are spending large sums of public funds to prepare for social and environmental challenges that may be ahead.
Watch the video above to learn more about the race to be the world's largest economy.
Persons:
Nina Skero, Mariana Mazzucato, we're, China that's, Joe Biden, Xi Jinping, Yasheng Huang, Rajiv Biswas
Organizations:
U.S, Centre for Economics, Business Research, University College London, Washington, MIT Sloan School of Management, P Global Market Intelligence, CNBC
Locations:
China, India, U.S, Japan, South Korea, Asia, Pacific