• About
  • Advertise
  • Privacy Policy
  • Contact
Tuesday, July 8, 2025
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

World Economic Output to Exceed $100 Trillion for the First Time Next Year

December 26, 2021
Stephen M.Cby Stephen M.C
in Around the Globe
0
economic

The world’s economic output next year is forecast to exceed $100 trillion for the first time, according to a report by the British consultancy Cebr and it will take China a little longer than previously thought to overtake the United States as the world’s largest economy.

The report predicted that China will become the world’s top economy in dollar terms in 2030, compared to 2028 in the earlier report, according to Reuters. It is also likely that Germany’s economy will outperform Japan’s in 2033. 

Cebr Deputy Chairman Douglas McWilliams said: “The important issue for the 2020s is how the world economies cope with inflation, which has now reached 6.8% in the US.”

RelatedPosts

UN Urges Human Rights-Centred Digital Transformation

Sevilla Summit Ends With Global Finance Breakthrough

Borrowers’ Forum Launched To Tackle Debt Crisis

“We hope that a relatively modest adjustment to the tiller will bring the non-transitory elements under control. If not, then the world will need to brace itself for a recession in 2023 or 2024.”

Cebr Deputy Chairman, Douglas McWilliams

Also, Russia is set to become one of the 10 biggest economies in the world by 2036 and Indonesia is looking forward to the ninth place in 2034. India looks set to overtake France next year and then Britain in 2023 to regain its place as the world’s sixth biggest economy, Cebr said.

The head of Norway’s wealth fund said that financial markets are set to experience weak returns in the next decade and that inflation is the main hurdle ahead.

The Fund had an average rate of return of 6 percent for a quarter century, but lower returns are now expected and might turn negative, according to Bloomberg.

Turkey’s President Recep Tayyip Erdogan said that the country won’t rely on raising interest rates to combat inflation, indicating that some of the policies he launched last week stabilized inflation in less than a day.

The government will shift its focus to economic growth, emphasizing investment, employment, production, exports and a current account surplus, Bloomberg reported, citing Erdogan.

Rising Consumer Prices Spiking Inflation

Annual inflation rate in Japan hit 0.6 percent in November, 2021, accelerating from 0.1 percent in the previous month, official data showed.

The rise in consumer prices was attributed to a 9.2 percent hike in costs of fuel, light and water charges, as well as a 1.4 percent increase in food prices.

If fresh food and energy prices are excluded, the yearly rate would actually reflect a deflation of 0.6 percent. In monthly terms, overall consumer prices in the country went up by 0.3 percent in November, 2021.

Mexico’s GDP narrowed by 0.2 percent in October compared to a month ago, as the country continued to grapple with pandemic-related issues which stretched into the fourth quarter of this year.

In addition, this was the third consecutive monthly slump in economic activity, Reuters reported, citing figures from the country’s official statistics agency INEGI.

The country’s exports, in seasonally adjusted terms, hit an all-time high of $43.9 billion in November, inducing the first deficit in six month, valued at $463 million.

The People’s Bank of China, the Chinese central bank, said that the country’s real economy is set to receive more support, and that monetary policy will become more forward-looking.

The bank also aims to prop up the property sector’s growth, safeguarding the home buyers’ rights, and helping in meeting housing demand, according to Bloomberg.

READ ALSO: UMB Leads With Lowest Lending Rates to SMEs in 2021- BoG Report

Tags: CebrChinaEconomicGermanyinflationoutput
Please login to join discussion
Previous Post

UMB Leads Banks With Lowest Lending Rates to SMEs in 2021- BoG Report

Next Post

God calling Desmond Tutu to rest is “divinely scripted”- John Mahama

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.

Related Posts

President of the Republic of Ghana, HE John Dramani Mahama
Extractives/Energy

President Mahama Launches Goldbod Task Force to Combat Gold Smuggling

July 8, 2025
Russia-Ukraine Ceasefire Talks To Begin Immediately
Europe

Ukraine Seeks More Details on US Weapons Delivery U-turn

July 8, 2025
Justin Kodua Frimpong on Ablekuma North rerun
General News

NPP Rejects Rerun In Ablekuma North Standoff, Claims Victory

July 8, 2025
Hon. Kwame Governs Agbodza, Roads, Payment
General News

Government Moves to Settle Road Debts, Begin Nsawam Work

July 8, 2025
Ghana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi StabilityGhana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi Stability
Economy

Ghana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi Stability

July 8, 2025
President of the Republic of Ghana, HE John Dramani Mahama
Extractives/Energy

President Mahama Commits to Maximising Ghana’s Natural Resources

July 8, 2025
President of the Republic of Ghana, HE John Dramani Mahama
Extractives/Energy

President Mahama Launches Goldbod Task Force to Combat Gold Smuggling

by Evans Junior OwuJuly 8, 2025
Russia-Ukraine Ceasefire Talks To Begin Immediately
Europe

Ukraine Seeks More Details on US Weapons Delivery U-turn

by Comfort AmpomaaJuly 8, 2025
Justin Kodua Frimpong on Ablekuma North rerun
General News

NPP Rejects Rerun In Ablekuma North Standoff, Claims Victory

by Lilian AhedorJuly 8, 2025
Hon. Kwame Governs Agbodza, Roads, Payment
General News

Government Moves to Settle Road Debts, Begin Nsawam Work

by Silas Kafui AssemJuly 8, 2025
Ghana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi StabilityGhana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi Stability
Economy

Ghana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi Stability

by Stephen M.CJuly 8, 2025
President of the Republic of Ghana, HE John Dramani Mahama
Extractives/Energy

President Mahama Commits to Maximising Ghana’s Natural Resources

by Evans Junior OwuJuly 8, 2025
President of the Republic of Ghana, HE John Dramani Mahama
Russia-Ukraine Ceasefire Talks To Begin Immediately
Justin Kodua Frimpong on Ablekuma North rerun
Hon. Kwame Governs Agbodza, Roads, Payment
Ghana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi StabilityGhana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi Stability
President of the Republic of Ghana, HE John Dramani Mahama
[/vc_row_inner]

Recent News

  • President Mahama Launches Goldbod Task Force to Combat Gold Smuggling
  • Ukraine Seeks More Details on US Weapons Delivery U-turn
  • NPP Rejects Rerun In Ablekuma North Standoff, Claims Victory
  • Government Moves to Settle Road Debts, Begin Nsawam Work
  • Ghana’s Reserves Soar: Mahama Eyes 10-Month Import Cover to Boost Cedi Stability
The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.