China to overtake US as world’s largest economy by 2035 – The National
- Date: 29-Dec-2022
- Source: The National
- Sector:Financial Services
- Country:Egypt
China to overtake US as world’s largest economy by 2035 – The National
China is forecast to overtake the US as the world’s largest economy by around 2035, while India is expected to become the world’s second largest by 2075.
The two countries will be followed by the US in third place, according to a long-term outlook by Goldman Sachs.
“We expect that the weight of global GDP [gross domestic product] will shift even more towards Asia over the next 30 years,” Goldman Sachs economists Kevin Daly and Tadas Gedminas wrote in a 45-page report.
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