The global economy will cross the $ 100 trillion mark for the first time in 2022, two years earlier than previously forecast, according to the Center for Economic and Business Research (CEBR), quoted by Bloomberg.
Global GDP will rise as the pandemic continues to recover, although if inflation persists, it will be difficult for politicians to prevent their economies from returning to recession, the London think tank warns.
"The big question in 2020 is how global economies will cope with inflation," said Douglas McWilliams, CEBR's deputy chief executive. "We hope that a moderate adjustment of leverage will bring the untimely elements under control. Otherwise, the world must prepare for a recession in 2023 or 2024. "
The forecast is in line with estimates by the International Monetary Fund, which also estimates that world GDP in dollar terms and current prices will exceed the $ 100 trillion mark in 2022.
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