According to CNBC analysis, MediaFax has managed to change the ranking of the world’s largest economies after the Kovid-19 epidemic sent many countries into the worst economic recession in recent history.
The United States, China, Japan and Germany remain in the top four among the largest economies, but India, which became the world’s fifth-largest economy in 2019, fell to sixth place behind the United Kingdom.
According to a CNBC analysis of IMF data, India will not be able to regain that position in the global economic rankings until 2023.
Brazil has also changed its position in this top. From ninth place, it was ranked 12th last year, thus becoming the only state to fall out of the top 10 due to an epidemic. The South American country will remain outside the world’s top ten economies until at least 2026 – the lowest IMF projection available.
Brazil reported the third-highest number of Kovid-19 cases and the second-highest number of deaths globally. However, President Jair Bolsonaro, who has reduced the risk of the virus, has repeatedly refused to impose national quarantine to limit the spread of coronovirus. Thus, according to the IMF, the economy grew by 4.1% last year and is expected to grow 3.7% in 2021.
With the departure of Brazil, South Korea has reached 10th position, where it will remain at least until 2026.
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