|2050 Rank||Country Name||2000 GDP||2010 GDP||2020 GDP||2030 GDP||2040 GDP||2050 GDP|
|*||EU||European Union *||9395||12965||16861||21075||28323||35288|
Tuesday, 15 March 2011
Economic power shifts east
For a non-economist, watching the shift in economic and trading power since the Lehman Brothers client exodus in 2008 has been scarily fascinating. The powerful economies - Germany, USA, Japan, UK have all suffered. For Japan the suffering has become more accute as they deal with rebuilding their country as well as their economy. The shift in economic power has been significant and rapid. Goldman Sachs has made a prediction of economy size over the coming 40 years. Their prediction is that by 2050 China will overtake the US as No1 economy followed by India hot on the USA's heals. Other flourishing economies are predicted to be Brazil and Russia. It makes interesting brain fodder for us non-economists, because if you overlay political power, population growth, agricultural production and consumption, water shortages and energy issues... what will the political and economic landscape look like come 2050?