Wednesday, February 16, 2011

Size of economies from 1970 to 2050

China, as we know will largely become the world's largest economy by 2050.
So this review report from the Japanese academics for Japanese defense comes as no surprise.

But take a look at Australia. As forecasted will fall from 11th to 16th.
Germany falling as well from 2nd place to now 4th and inevitably 8th.

What's very glaringly interesting as far as rate of growth is concern is INDIA.
Rising from 11th to 3rd place.
India and Australia has fallen 2 notches each from 1970 - 2010.

However from here on out,
Australia falls to 16th
Whereas India is set to grow to 3rd place from 11th !
China will only grow in that period from 2nd to 1st.

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