China forecasted to become world’s largest economy in only 4 years

[curupira]

Will they? 4 years is a very short time IMO.

China forecasted to become world’s largest economy, ahead of the US in 2016

China is projected to overtake the US to become the world's largest economy as early as 2016, according to a report by the Organization for Economic Co-operation and Development (OECD) released on Friday.

The report, “Looking to 2060: A Global Vision of Long-term Growth”, uses a new model for projecting growth in the 34 OECD member states and the eight major non-OECD G20 economies over the next 50 years.

“The United States is expected to cede its place as the world's largest economy to China, as early as 2016. India’s GDP is also expected to pass that of the United States over the long term,” the report published on Friday said.

China is also expected to surpass the Euro zone “in a year or so.” Another Asian giant, India, will “surpass Japan in the next year or two and the Euro area in about 20 years.”

By 2025, the combined GDP of China and India will exceed that of the major seven (G7) OECD economies.

“The shifting balance of long-term global output will lead to corresponding improvements in living standards,” the report says.

By 2060, people in the poorest countries will see their income per capita quadruple, and the increase could even be seven-fold in China and India.

However OECD Secretary-General Angel Gurria said, “None of these forecasts are set in stone.”

“We know that bold structural reforms can boost long-term growth and living standards in advanced and emerging-market economies alike.”

http://en.mercopress.com/2012/11/10/...the-us-in-2016

[Insuperable]

According to statistics China will surpass US's GDP somewhere between 2020 and 2025 and those of the Eurozone probably the next year or two after the US.
India surpassing Japan in a year. LoL. Not gonna happen.

By 2050 it is expected that China will have two times higher GDP than the US and India the same as those of the US.

I think that the US won't allow this so I expect global war. Hehe

[Sultan Suleiman]

This guy summarizes it in few minutes.

[YOUTUBE]pG225dz89TY[/YOUTUBE]

[RussiaPrussia]

According to statistics China will surpass US's GDP somewhere between 2020 and 2025 and those of the Eurozone probably the next year or two after the US.
India surpassing Japan in a year. LoL. Not gonna happen.

By 2050 it is expected that China will have two times higher GDP than the US and India the same as those of the US.

I think that the US won't allow this so I expect global war. Hehe

depends on what data you use if you use gdp ppp from worldbank you see india is already bigger economy than japan, china is not far away from america and russia is almost as big as germany. They dont mention what for gdp they mean so its worthless even discussing it.

http://data.worldbank.org/indicator/...isplay=default