Centre for Economics and Business Research says it expects this to happen half a decade sooner than it forecast a year agoChina will overtake the US as the world’s biggest economy before the end of the decade after outperforming its rival during the global Covid-19 pandemic, according to a report.The Centre for Economics and Business Research said that it nowexpected the value of China’s economy when measured in dollars to exceed that of the US by 2028, half a decade sooner than it expected a year ago. Continue reading...
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Capital could lose £178m in 2021 as companies decline to send all workers back to officesMajor...Capital could lose £178m in 2021 as companies decline to send all workers back to officesMajor cities such as London face more economic pain as some companies resist the government’s efforts to encourage workers back to their desks this week, economists have warned.Pablo Shah, a senior economist at the Centre for Economics and Business Research (CEBR), fears that the capital could have lost its...
The budget predicts the economy will grow significantly faster than most economists anticipate.