February 18, 2023
China is expected to hold on to the number one spot. In 2050, the Asian giant is forecast to have the biggest economy.
India steps into America's spot by 2050, up from the third to the second largest economy in the world.
The mighty US is set to drop two places from being the biggest economy in the world for the last seven decades.
Indonesia is expected to jump to become the 4th largest economy by the middle of the century driven by a huge population.
Although Brazil's economy has slowed a bit in recent years, but they will still be 5th largest economy over next 3 decades.
Russia's declining population and slower than anticipated GDP performance are expected to hold back the country's economy.
Mexican economy is projected to grow from being the world's 11th largest in 2016 to the 7th largest by 2050.
Japan population is projected to fall by an average of 0.5 % per year, it will slip from 3rd to 8th largest economy by 2050.
Germany's economy is expected to shrink from the world's 5th largest in 2016 to the 9th place because of ageing population.
UK is expected to stay in the top 10 rankings by 2050, saved by its growing working age population of Asians ethnicity.
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