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Year 2050: World's top 10 economies
Last updated on: March 30, 2012 08:50 IST
Image: People sit inside a restaurant at the Emporio mall in New Delhi. Photographs: Adnan Abidi/Reuters.
While there is little doubt that the emerging economies present the best chances for economic growth, not all countries will prosper at the same rate, says the Wealth Report 2012 by Knight Frank & Citi Private Bank
The International Monetary Fund predicts emerging economies will expand by 5.4 per cent this year and 5.9 per cent next year.
While this certainly marks a significant downgrade from previous forecasts, it still outpaces the average GDP growth of 1.2 per cent and 1.9 per cent expected this year and next year in advanced economies.
Citi research shows that while China and India are likely to grow rapidly over the next 40 years, there are other key countries with promising chances for growth.
Take a look at the top ten nations in terms of GDP (PPP) in 2050...
Image: Cars drive past sightseers on a bridge over the Moskva river near a Stalin era skyscraper in central Moscow. Photographs: Anton Golubev/Reuters.
