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Bloomberg: China, India to overtake US Economy by 2030- The 20th China (Guangzhou) Int’l Plate metal, Bar, wire, Metal Processing &Setting Equipment Exhibition 1/9/2019 金属板材展-棒材-线材展 -plate metal expo-wire expo |
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According to Bloomberg’s report, it pointed out that seven of the top 10 large economies in the world might come from the current emerging markets, of which the US might drop to third place and be overtaken by China and India by 2030.
Based on a long-term forecast released by Standard Chartered, Bloomberg pointed out that the global GDP ranking will be changed, and China especially will surpass the US by 2020 and become the world''s largest economy.
The report was conducted by economist David Mann with his team of Standard Chartered economists, forecasting that India''s growth rate will accelerate to 7.8% by 2020 and China''s growth rate will slow down to 5% by 2030
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