jryu:
In 2050, the economies of both China and India will be bigger than America’s. But GDP per head in America will still be more than twice that in China. (via GDP per person, forecasts | The Economist)
I’ll gladly take the other side of this bet. No way India’s total GDP is higher then the US in 2050 and even then it’s a stretch for China. I think they are way understating US growth and WAYYYY overstating India’s. China is likely too high since it assumes a rate of growth (6%) for 40 years w/o a SINGLE recession. I highly doubt that.
China and India should surpass the US someday - I sure hope so. We all need it.
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jryu reblogged this from sawickipedia and added:
The most aggressive forecast I’ve heard for China becoming the biggest economy (GDP) is in the early 2020s. I’ve heard...
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sawickipedia reblogged this from jryu and added:
I’ll gladly take...this bet. No way India’s total...is...
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jryu posted this
