South Korea is forecast to emerge as the world’s seventh largest economy in 2030.
 
Britain-based economic consultancy, Center for Economics and Business Research (CEBR), presented the projection on Saturday in its World Economic League Table.
 
According to CEBR, South Korea’s gross domestic product will increase from one-point-41 trillion U.S. dollars this year to three-point-53 trillion dollars in 2030, rising from the world’s eleventh economy to seventh.
 
CEBR forecast that South Korea may overtake France, Italy, Brazil and Canada to join the world’s eight leading economies.
 
Meanwhile, China was projected to surpass the United States to become the world’s largest economy in 2030.