Who will be leading the world in 2050?
As 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 2050.
Which country will be richest in 2030?
The Centre for Economics and Business Research has forecast India will become the world’s third largest economy by 2030. It will overtake the UK in 2025, Germany in 2027 and Japan in 2030.
Which country will be the richest in 2100?
The country that records the most astonishing growth over the period to 2100 is Nigeria.
How is the world economy going to be in 2050?
1.2 GDP projections to 2050 Global economic growth will be driven by emerging market economies, which will gradually increase their share of world GDP over time We project that the world economy will double in size by 2042, growing at an annual average rate of around 2.6% between 2016 and 2050.
When was the world in 2050 report published?
The World in 2050 report was published in February 2017. While we think that the discussion of long term trends in the report remains of interest, it does not take account of major events since that date, including in particular the recent global COVID-19 pandemic.
How many analysts does HSBC Global Research have?
Global Research. HSBC Global Research is an independent research house with a strong focus on Emerging Markets. We have 350 analysts in 24 countries across Asia-Pacific, Europe, the Americas, the Middle East and Africa.
What is the GDP of the world in 2030?
The trend of the past five years, of just below 3% global growth, looks like it could be sustainable, implying that by 2030, global GDP is about 40% higher than in 2017. Growth in both EM and DM is projected to be a little weaker than over the past decade but EM now makes up a larger share of the world.