15 years from now, the United States will no longer be as dominant economically as it is now. Such a development is not unique. The larger European countries will slip further behind while some emerging markets will catapult into prominence. That is according to the U.S. Department of Agriculture’s (USDA) latest macroeconomic projections leading up the year 2030.
The U.S. will just barely remain the global leader with $24.8 trillion in annual output. China’s GDP will grow to more than twice the size it is today. India will surpass Brazil to take third place. The country will have the largest and among the youngest workforce in the world within the next 15 years.
There are still a lot of uncertainties especially with long-term outlooks. Which countries do you see dominating the world market in 15 years? Share your thoughts below.
Read the full article here: http://www.bloomberg.com/news/articles/2015-04-10/the-world-s-20-largest-economies-in-2030