Germany's finance minister plans to advocate for ending economically damaging conflicts, including tariff disputes and the wars in Iran and Ukraine, during talks with Group of 20 peers in the US next week. https://t.co/wi6H13wMCd
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IMF projections show Russia and Brazil climbing back into the world's ten largest economies by 2026, pushing South Korea and Canada out of the top 10 entirely.
Germany is projected to retake 3rd place from Japan, a swap from 2020 when Japan was still ahead.
India is set to pass France into 6th place over the same stretch, growing from 2.6 trillion to a projected 4.2 trillion.
The US and China keep the top 2 spots the entire time.
The US grows from 21.4 trillion in 2020 to a projected 32.4 trillion, and China from 15.1 trillion to roughly 20.9 trillion.
The more interesting movement is at the bottom of the ranking.
Russia climbing back into the top 10 while still at war and Brazil doing it on the back of its own oil production growth, says more about where real economic weight is shifting than anything happening at the top of the list.
source: IMF World Economic Outlook