China likely to pip US as world’s biggest economy this year
As per the more widely used exchange rate-based estimate, the US economy was almost double the size of China’s even as late as 2012. But the assessment at a common price level, a more pertinent one, would indicate the professedly communist country outdoing the US to become the world’s largest economy this year, well ahead of the previously thought 2019, reports fe Bureau in New Delhi.
Read more at: http://indianexpress.com/article/business/business-others/china-likely-to-pip-us-as-worlds-biggest-economy-this-year/
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