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The US could lose its crown as the world’s most powerful economy as soon as next year, and it’s unlikely to ever get it back
The United States of America could lose its position as the world’s biggest economy as soon as next year — and once that happens, it is unlikely to regain the top spot as developing Asian economies power…
- Will Martin
- Business Insider
According to research released this week by Standard Chartered Bank, China is likely to become the world’s biggest economy at some point in 2020, when measured by a combination of purchasing-power-parity exchange rates and…
Using PPP alone, China is already considered the world’s largest economy, but on a nominal basis the US remains in the lead.
Not only is China likely to overtake the US in 2020, but by 2030 it…