We're diving into a report by Michael Rivera of Southwestern Journal, published on July 6, 2023, that forecasts the 20 largest economies by the year 2050. So, let's jump right into it!

According to this report, we can expect a seismic shift in the global economic landscape.
By 2050, the global economy is projected to surge by 130%, with China leading the pack, commanding a 20% share of the world's GDP in purchasing power parity.

The report predicts that India will surpass the United States, the current economic titan, while the European Union's share of global GDP may shrink below 10%. The Emerging 7, or E7, economies are also set to outpace the advanced G7 economies due to a projected decline in the working-age population of G7 nations between 2016 and 2050.


Source: https://www.southwestjournal.com/larg...

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