India will become the world's fourth-largest economy by 2025, with its nominal GDP standing at $4,187.017 billion, overtaking Japan's $4,186.431 billion GDP, according to the IMF's World Economic Outlook report.
India is also the fastest-growing large economy of the world, according to the report, as its growth rate will be the only country to have growth rates in excess of 6% in the next two years.
Japan will, however, be negatively affected by the international trade tensions, as its growth will slow to only 0.6% in 2025 and 2026.
India's accelerated economic growth will drive its GDP to $5,584.476 billion in 2028, overtaking Germany to become the third-largest economy in the world.
At the same time, the IMF forecasts a zero growth rate in 2025 and moderate growth of 0.9% in 2026 for Germany, to be among the hardest-hit countries in Europe due to the current world trade wars. Germany's GDP is forecasted to be \\$5,251.928 billion by 2028.
The world's leading economy, the US, will be in possession of a GDP of $30,507.217 billion by 2025, as its second-place contender, China, will enjoy $19,231.705 billion.
Global tariff trade war-offending US will also observe that its growth of GDP will slow down to 1.8% by the year 2025 and down further to 1.7% in the year 2026.
The Euro Area would feel major slowing down, and growth is anticipated to be mere 0.8% in 2025 before reducing again to 1.2% in 2026. Even weaker will be growth in France with 0.6% being forecast for 2025 and 1% for 2026.
Spain is, however, forecast to have an upper hand over the rest of Europe, recording a growth rate of 2.5% in 2025. Its growth, however, is forecast to dip to 1.8% in 2026. UK growth is forecast at 1.1% in 2025 and 1.4% in 2026.
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