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...By 2050, the Indian economy will be 90 percent of the size of the U.S. economy, head of macroeconomics John Hawksworth said.
By 2025, China's economy should overtake the U.S. economy, the report said, growing to 130 percent larger than the U.S. economy by 2050.
"The global center of economic gravity is already shifting to China, India and other large emerging economies and our analysis suggests that this process has a lot further to run," Hawksworth told the Times of India.
Economies of the "E7" nations -- China, India, Brazil, Mexico, Russia, Indonesia and Turkey -- and 13 other emerging nations will out pace the established economic powerhouses, the report said.
Brazil is poised to overtake Japan by 2050, while the economies of Russia, Mexico and Indonesia could become larger than Germany's by 2050, the report said.
from UPI
By 2025, China's economy should overtake the U.S. economy, the report said, growing to 130 percent larger than the U.S. economy by 2050.
"The global center of economic gravity is already shifting to China, India and other large emerging economies and our analysis suggests that this process has a lot further to run," Hawksworth told the Times of India.
Economies of the "E7" nations -- China, India, Brazil, Mexico, Russia, Indonesia and Turkey -- and 13 other emerging nations will out pace the established economic powerhouses, the report said.
Brazil is poised to overtake Japan by 2050, while the economies of Russia, Mexico and Indonesia could become larger than Germany's by 2050, the report said.
from UPI
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