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Posts Tagged ‘World in 2050’

These Countries Will Dominate the World – In 2050

Posted by Ram Kumar Shrestha on June 21, 2015

By Lola Bailey

“By 2050, the collective size of the economies we currently deem ’emerging’ will have increased five-fold and will be larger than the developed world.” – HSBC Global Research

Times, they are a-changing. An economic report by HSBC has predicted a seismic shift in the structure of the global economy, with the economic centre of gravity shifting from the north Atlantic to central Asia – particularly China and India. If the predictions are true (and it must be said that economists are not known for agreeing with each other) the world will look very, very different indeed.

Through a complex but fascinating analysis of economic systems and infrastructure and serious number crunching, HSBC’s analysts’ economics prowess has projected the wealth of countries (GDP and per capita income) in 2050. You can read the full report: The World in 2050; Quantifying the Shift in the Global Economy here.

Read on to discover which countries will be the world’s richest – in 2050:

1. China

In 2050, China is expected to be the world’s richest, and probably the most powerful, economy, with a GDP of $24.62 trillion and a per capita income of $17,759. China’s income per capita will still only be roughly a third of that in the US so there is room for considerably more growth. On the minus side, it will no longer be the most populous place on earth – (spoiler alert) that honour will go to India.

Read the rest of this entry »

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