World's economic output will surpass $100 trillion for the very first time next yearLONDON: The world's economic output will go beyond $100 trillion for the very first time next year and it will take China a bit longer than formerly thought to overtake the United States as the topmost economy, a report revealed on Sunday.British consultancy Cebr anticipated China will become the world's leading economy in dollar terms in 2030, 2 years behind forecast in last year's World Economic League Table report.India looks set to overtake France next year and then Britain in 2023 to regain its location as the world's sixth greatest economy, Cebr said.

The crucial problem for the 2020s is how the world economies handle inflation, which has actually now reached 6.8 percent in the US, said Cebr deputy chairman Douglas McWilliams.

We hope that a reasonably modest adjustment to the tiller will bring the non-transitory elements under control.

If not, then the world will need to brace itself for a recession in 2023 or 2024.

The report revealed Germany was on track to overtake Japan in regards to financial output in 2033.

Russia could become a Top 10 economy by 2036 and Indonesia searches track for ninth place in 2034.