Physical Education Trainer | Posted on | Share-Market-Finance
News reporter (CEN News ) | Posted on
Before we discuss the reports and
rankings, it must be made clear that a country’s economic size and growth
depends on a host of factors. To that, different organizations take different
parameters to conclude which country will be bigger economically in the coming
days.
Like, for example, in the course
of next few decades, what if a war breaks out between USA and North Korea? What
if Germany separates from Europe? What if Bitcoin eventually becomes the
foremost mode of transaction?
Yes, factors like these can shake
up the entire global economy, rewriting all the predictions and rankings.
Currently, USA is the largest
economy in the world with $18 trillion. China is at the second spot with $11
trillion economy. Japan, Germany, UK, France, India, Italy and Brazil take the
following spots.
In 2020, China will take over USA
as the largest economy in the world. USA will be second, followed by India,
Japan, Russia, Germany, Brazil, UK, France and Mexico.
In 2030, China will be #1. USA
will be #2. India will be at #3, followed by Japan, Indonesia, Russia, Germany,
Brazil, Mexico and UK.
In 2050, China will be at the
very top. India will rank next, followed by USA, Indonesia, Brazil, Russia,
Mexico, Japan, Germany and UK.
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