China and India to Overtake U.S. Economy This Century (Bloomberg)

According to a report by the Centre for Economics and Business Research (CEBR) in London, three of the four largest economies in 2032 will be Asian: China, India and Japan. By that that time, China will have overtaken the U.S. to hold the No. 1 spot while India’s advance won’t stop and will eventually take the top place in the second half of the century. India will leapfrog the U.K. and France next year to become the world’s fifth-biggest economy in dollar terms and advance to third place by 2027 by moving ahead of Germany.

Also by 2032, South Korea and Indonesia will have entered the top 10 – replacing the Group of Seven nations of Italy and Canada.

To read the whole article, China to Overtake U.S. Economy by 2032 as Asian Might Builds, go to the website of Bloomberg.

Similar Posts:

• Chart: Asia GDP Per Capita Has Risen Sharply Since 1960 (Aberdeen)
• Asia at a Crossroads: Demographics, Economics & Investment (State Street)
• India Moves Up the Ranks of Asia300 Companies (Nikkei Asian Review)
• ‘Once-in-a-lifetime Opportunity’: How a Mass Lockdown at the World’s Biggest iPhone Factory is India’s Big Chance to Beat out China as Apple’s Favorite Supplier (Fortune)
• Emerging Market Stocks Advance on Reform Themes & Central Bank Expectations (Bloomberg)
• India ETF Flows Touch $1.5 Billion, Highest Among its BRIC Peers (Economic Times)
• Experts: Tread Carefully With Emerging Market Investments (FE Trustnet)
• Scottish Oriental Smaller Companies Trust – Annual Report for Year Ended Aug 31, 2022
• This is the Asian Century: Seven Reasons to be Optimistic About It (Nikkei Asia)
• Kiplinger’s Personal: Don’t Give Up on Developing Markets (Kiplinger’s Personal Finance)
• The World in 2050 (PWC)
• Key Findings: Credit Suisse Emerging Markets Consumer Survey
• Emerging Market Investors Need to Think Beyond Investing in the BRICs (II)
• Is India’s lost generation a systemic risk? (CNBC)
• Economic Prospects in Several Emerging Asia Countries (Wells Fargo Securities)