Vote!

Will Asian economies dominate the world in 2050?

Out of the 10 largest world economies of the world, four will be from Asia with China and India leading the world by 2050, according to the PwC report. Key findings The report sets out our latest long-term global growth projections to 2050 for 32 of the largest economies in the world, accounting for around 85% of world GDP. Key results of PcW analysis (as summarised also in the accompanying video) include: The world economy could more than double in size by 2050, far outstripping population growth, due to continued technology-driven productivity improvementsEmerging markets (E7) could grow around twice as fast as advanced economies (G7) on averageAs a result, six of the seven largest economies in the world are projected to be emerging economies in 2050 led by China (1st), India (2nd) and Indonesia (4th)The US could be down to third place in the global GDP rankings while the EU27’s share of world GDP could fall below 10% by 2050UK could be down to 10th place by 2050, France out of the top 10 and Italy out of the top 20 as they are overtaken by faster growing emerging economies like Mexico, Turkey and Vietnam respectivelyBut emerging economies need to enhance their institutions and their infrastructure significantly if they are to realise their long-term growth potential. The post Will Asian economies dominate the world in 2050? appeared first on Thailand Business News. ... If you wish to read this full breaking news headline, plus more articles from around Thailand and Asia like, Will Asian economies dominate the world in 2050?, simply click on 'Read full story' below, but 1st please give us a 'LIKE' or 'SHARE' before you leave. Thank you Will Asian economies dominate the world in 2050?

 

 

Posted:

 

Read full story...

 

Published By: Thailand Business News - Saturday, 23 March

 

 

Thailand News Phuket News  /  Asian Travel News South Korea - Malaysia - Singapore - China - Philippines - Laos - Burma - Cambodia - Vietnam - Indonesia

 

 

 

 

 BACK TO: Phuket Hotel Deals - Phuket Flights - Phuket Travel Articles - Phuket News - Phuket Real Estate - Asia Jobs