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"second largest economy" is correct and usable in written English.
It can be used when discussing rankings of the size of different economies. Example: "China is the world's second largest economy."
Exact(19)
Japan became the world's second largest economy.
China is conservatively reported as the world's second largest economy.
China has officially become the world's second largest economy.
China is becoming the world's second largest economy.
Or compare it to the second largest economy in the world, China.
In 2010 China became the world's second largest economy and held the Expo 2010 Shanghai China.
Similar(41)
France is the eurozone's second-largest economy.
Japan was the world's second-largest economy for 40 years.
"It's going to be the world's second-largest economy".
France is the second-largest economy in the eurozone.
Argentina has South America's second-largest economy after Brazil.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com