China is on track to redeem the United States in 2030 as the world’s largest economy. Economists from the British bank HSBC say that contradicts claims made by US President Donald Trump, who denies that the US should give up its top economic position in the long term.
Moreover, according to economists, China will contribute most to global economic growth in the coming decade. The International Monetary Fund (IMF) predicted in July that China would have the world’s largest economy by 2030.
According to HSBC’s forecast, the Asian country’s gross domestic product (GDP) is now growing from $ 14.1 trillion to $ 26 trillion in 2030. The US is then $ 25.2 trillion, where the economy is still 20.4 trillion dollars.
India will grow to become the world’s third-largest economy in the next twelve years. That country then has an economy with a value of 5.9 trillion dollars and therefore jumps over Germany and Japan.