You probably know that Asia is growing economically while the West is shrinking, but some surprises still lurk on the global horizon.
The dizzying pace of global economic change will continue in the coming decades. China will surpass the United States for GDP pole position in 2026, the Economist Intelligence Unit forecasts in this intriguing study. That’s no surprise, but it makes a few eye-opening predictions, too, particularly about shifts in demographics and in per capita spending power by 2050. Due to its brevity, the report delivers little analysis of the factors behind the prognostications. Yet getAbstract recommends it to investors, executives and policy makers charged with planning for the future.
In this summary, you will learn
- Where the United States, China and India will rank on the world economic stage by 2050
- How shifting demographics will influence growth
- What changes in per capita incomes will occur by 2050
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