CEBR sees changes in economic ratings

The Centre for Economics and Business Research reported that World Economic League Table indicates Asian countries moving up while European countries moving down. It expects European economy to shrink 0.6% in case the crisis is solved and by 2% in case it is not. Russia is likely to become the ninth largest economy next year and approach the forth place by 2020. India is predicted to jump from being the 10^th largest economy to the fifth by 2020.