U.K. and Indian economies set to overtake Japan, IMF says

What happened: The IMF's World Economic Outlook forecasts Japan's nominal GDP will fall to sixth place in 2027, behind the United Kingdom and India, for the first time. Key numbers: Japan is ranked fourth this year at $4.34 trillion, ahead of the U.K. at $4.27 trillion and India at $4.06 trillion. In 2027, India is projected at $4.52 trillion, the U.K. Why it matters: The IMF had previously forecast the U.K. overtaking Japan in 2029, now brought forward, while an earlier projection of India passing Japan in 2025 did not occur. Japan was overtaken by Germany in 2023.

The IMF's World Economic Outlook forecasts Japan's nominal GDP will fall to sixth place in 2027, behind the United Kingdom and India, for the first time.

The IMF had previously forecast the U.K. overtaking Japan in 2029, now brought forward, while an earlier projection of India passing Japan in 2025 did not occur. Japan was overtaken by Germany in 2023.