China is predicted to overtake the U.S. economy by 2032, according to a new report.

A report by the Centre for Economics and Business Research in London cited by Bloomberg News also shows that India is expected next year to overtake France and the United Kingdom to hold the fifth spot for the biggest economy in dollar terms.

By 2027, India is predicted to be the world's third-biggest economy in that regard.

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In 2032, the four largest economies are predicted to be China, the U.S., India and Japan, according to the report.

South Korea and Indonesia are also predicted to take spots in the top 10 by 2032.

President Trump Donald John TrumpSteele Dossier sub-source was subject of FBI counterintelligence probe Pelosi slams Trump executive order on pre-existing conditions: It 'isn't worth the paper it's signed on' Trump 'no longer angry' at Romney because of Supreme Court stance MORE frequently touts the strength of the U.S. economy.

Last week, the president tweeted about the accomplishments of his administration over the past year, including "Record Economy/Stock Market."

He also said earlier this month that the tax cuts in the GOP tax bill he signed last week will "increase investment in the American economy and in U.S. workers."