according to Willem Buiter, chief economist at Citigroup. CNBC.com “We expect strong growth in the world economy until 2050, with average real GDP growth rates of 4.6 percent per annum until 2030 and 3.8 percent per annum between 2030 and 2050,” Buiter wrote in a market research.
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US vs China - US Will Be the World’s Third Largest Economy: Citi - CNBC Sawickipedia says: As soon as I stop laughing, I’ll take the over (as in the # of years til China passes the US). Laughable to think that China’s GDP which is less then 40% of the size of the US’s will pass the US in less then 9 yrs. Yes china will pass the US in total GDP given it’s population it should. But it has a LONG way to go with a LOT of demographic peril in front on it. |
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