CNN’s Predictions on Richest Countries in the World by 2050

CNN reported that according to the global research department of HSBC, China will be the richest country in the world, followed by the United States, and runners’ up would be India and Japan.

How was it able to make that conclusion? Apparently by calculating based on the growth of the working population and opportunities to make long-term economic trends.
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This is the prediction of what your country’s economy would fare in the next 40 years…
HSBC 2050 list of top economies (change in rank from 2010)

1) China (+2)

2) U.S. (-1)

3) India (+5)

4) Japan (-2)

5) Germany (-1)

6) UK (-1)

7) Brazil (+2)

8) Mexico (+5)

9) France (-3)

10) Canada (same)

11) Italy (-4)

12) Turkey (+6)

13) S. Korea (-2)

14) Spain (-2)

15) Russia (+2)

16) Philippines (+27)

17) Indonesia (+4)

18) Australia (-2)

19) Argentina (2)

20) Egypt (+15)

21) Malaysia (+17)

22) Saudi Arabia (+1)

23) Thailand (+6)

24) Netherlands (-9)

25) Poland (-1)

26) Peru (+20)

27) Iran (+7)

28) Colombia (+12)

29) Switzerland (-9)

30) Pakistan (+14)

Here are some quotes from the said article:

* By 2050, the Philippines will leapfrog 27 places to become the world’s 16th largest economy.

* Peru’s economy, growing by 5.5% each year, jumping 20 places to 26th place – ahead of Iran, Colombia and Switzerland. Other strong performers will be Egypt (up 15 places to 20th), Nigeria (up nine places to 37th), Turkey (up six spots to 12th), Malaysia (up 17 to 21st) and the Ukraine (up 19 to 45th).

* Japan’s working population will contract by a world-top 37% in 2050 – yet HSBC economists predict it will still be toward the top performing economies, dropping only one spot to the 4th largest economy. India will jump ahead of Japan to 3rd on the list.

* The big loser in the next 40 years will be advanced economies in Europe, HSBC predicts, who will see their place in the economic pecking order erode as working population dwindles and developing economies climb. Only five European nations will be in the top 20, compared to eight today. Biggest drop will be felt northern Europe: Denmark to 56th ( -29), Norway to 48th ( -22), Sweden to 38th (-20) and Finland to 57th (-19).

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