China Just Overtook The US As The World’s Largest Economy


REUTERS/Shannon Stapleton

Sorry, America. China just overtook the US to become the world’s largest economy, according to the International Monetary Fund.

Chris Giles at the Financial Timesflagged up the change. He also alerted us in April that it was all about to happen

Basically, the method used by the IMF adjusts for purchasing power parity,explained here.

Written by MIKE BIRD
Read more at Business Insider

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