With reference to an annual report of Centre for Economics and Business Research on global economy c...........

Economic Affairs Financial Institutions

With reference to an annual report of Centre for Economics and Business Research on global economy, consider the following statements

Russia will overtake the United States to become the world's biggest economy in 2028.
The United Kingdom, currently the fifth-biggest economy by the CEBR's measure, would slip to sixth place from 2024.

Select the correct statement.

1 only

2 only

Both

None

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Explanation:

China will overtake the United States to become the world's biggest economy in 2028, the Centre for Economics and Business Research, a UK-based think tank said in an annual report.

Japan would remain the world's third-biggest economy, in dollar terms, until the early 2030s when it would be overtaken by India, pushing Germany down from fourth to fifth.
The United Kingdom, currently the fifth-biggest economy by the CEBR's measure, would slip to sixth place from 2024.

Indian scenario

India, which appears to have been pushed back to being the world's sixth biggest economy in 2020, will again overtake the UK to become the fifth largest in 2025 and race to the third spot by 2030
India had overtaken the UK in 2019 to become the fifth largest economy in the world but has been relegated to 6th spot in 2020.

Hence only statement 2 is correct.