Mexico unseats Spain as the main Spanish-speaking economy in the World Economic League

MADRID, 27 Dic.

Mexico unseats Spain as the main Spanish-speaking economy in the World Economic League

MADRID, 27 Dic. (EUROPA PRESS) -

Spain will close 2022 as the sixteenth largest economy in the world, two steps below the position it occupied last year in the World Economic League, placing one position behind Mexico, which becomes the largest Spanish-speaking country in the world, according to forecasts from the Center for Economic and Business Research (CEBR).

According to the British consultancy, the Aztec economy will remain in the same position throughout the projection horizon, which reaches up to 2037, except for 2027 when it will exchange its position with Spain, to later go ahead of the Spanish economy and position both countries. within 15 years in the same positions as today among the 191 economies analyzed.

In the case of Spain, the CEBR anticipates that the annual GDP growth rate will fall to an average of 1.7% between 2023 and 2027, while in the rest of the forecast horizon it expects economic growth to slow down even more. , up to an average of 1.5% per year.

At a global level, the consultancy highlights that the world economy will exceed the threshold of 100 trillion dollars (94 trillion euros) in 2022 for the first time and predicts that by 2037 world GDP will reach 207 trillion dollars (195 trillion euros). ).

In this sense, the authors warn that by the end of the horizon of their projections, Europe will represent less than a fifth (19.4%) of world GDP in dollars, compared to the 21.9% expected in 2022 and the 33.8% % from 15 years ago.

On the contrary, the picture for the East Asian economies is almost exactly the opposite, with the expectation that the weight of these economies will almost double, going from 19.5% to 33.7% in a range of 30 years until 2037.

In this sense, the World Economic League keeps the United States at the top of the table in 2022, which will retain its privileged position at least until almost the end of the forecast horizon, when it will finally be surpassed by China, which has seen the game delayed again. moment of 'surprise'.

Likewise, as a reflection of the progressive loss of weight of Europe in the world economy, if this year the Old Continent has Germany (4), the United Kingdom (6), France (7), Russia (9) and Italy (10) As representatives for 2037, only Germany (5), the United Kingdom (6) and France (7) will remain in the top ten positions, after Italy falls to 12th place and Russia to 14th.

By contrast, India will rise from fifth position in 2022 to third in 2037, while Japan will retain fourth place. Likewise, Brazil will rise to the eighth position by 2037 from the twelfth this year; South Korea will finish ninth, up from 13th in 2022; and Canada will drop to tenth position in 2037 from eighth in 2022.

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