According to PwC, “This report sets out our latest long-term global growth projections to 2050 for 32 of the largest economies in the world, accounting for around 85% of world GDP”.
Brexit, coronavirus, and trade tiffs may be making economic headwinds, but despite immediate challenges, the world economy is projected to keep growing at a rapid pace over the next few decades. In fact, by 2050, the global market is projected to double its current size, even as the UN forecasts the world’s population will only grow by a modest 26%.
Top 10 economies in 2050, according to PwC’s The World in 2050 report
1. China
2. India
3. US
4. Indonesia
5. Brazil
6. Russia
7. Mexico
8. Japan
9. Germany
10. UK
This growth will bring with it plenty of changes. Though it can be challenging to predict exactly how the future will unfold, most economists agree on one thing: today’s developing markets will be tomorrow’s economic superpowers.
According to The World in 2050report by international professional services firm PwC, in 30 years, six of the seven of the world’s largest economies will be today’s emerging economies, surpassing the US, Japan and Germany. Even relatively smaller economies like Vietnam, the Philippines and Nigeria will see huge leaps in their respective rankings over the next three decades, according to pwC’s report.
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