Global GDP to exceed $100 trillion for the first time in 2022

The Centre for Economics and Business Research (CEBR) in London, UK, predicts that global GDP will exceed US$100 trillion for the first time in 2022, two years earlier than earlier forecasts.

CEBR vice-chairman Douglas McWilliams said the important question in the 2020s is how the global economy will respond to inflation, and if the problem cannot be brought under control using relatively modest adjustments, the world will need to prepare for 2023 or 2024. prepare for a recession.

In addition, climate change will reduce consumer spending by an average of $2 trillion per year by the end of 2036, as businesses will pass on the cost of decarbonization investments.