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See Where Nigeria Is Expected To Be Among Global Economic Powers In 2050 by Opinionated: 10:53am On Jun 01, 2018 |
There has been a lot of speculation about Nigeria’s economic growth potential with many analysts giving varying opinions about whether or not Nigeria will emerge as one of the leading economies in the world. However, our research took us to a report: ‘The World in 2050‘ released by PwC (PricewaterhouseCoopers), a leading global professional services firm and we found that the study which looked at how the global economic order will change by 2050 had the following major findings: -The world economy could more than double in size by 2050, far outstripping population growth, due to continued technology-driven productivity improvements. -Emerging markets (E7) could grow around twice as fast as advanced economies (G7) on average. -As a result, six of the seven largest economies in the world are projected to be emerging economies in 2050 led by China (1st), India (2nd) and Indonesia (4th). -The US could be down to third place in the global GDP rankings while the EU27’s share of world GDP could fall below 10% by 2050. -UK could be down to 10th place by 2050, France out of the top 10 and Italy out of the top 20 as they are overtaken by faster growing emerging economies like Mexico, Turkey and Vietnam respectively. -But emerging economies need to enhance their institutions and their infrastructure significantly if they are to realise their long-term growth potential. PwC also listed the countries that it thinks will lead the world with the largest economies in 2050. Largest economies in the world, 2050 1. China 2. India 3. US 4. Indonesia 5. Brazil 6. Mexico 7. Japan 8. Russia 9. Nigeria 10. Germany 11. UK 12. Saudi 13. France 14. Turkey 15. Pakistan 16. Egypt 17. South Korea 18. Italy 19. Canada 20. Philippines Nigeria is expected to be ranked as the 9th economy in 2050 which means that despite the current challenges the country faces, it is still expected to be a global economic power by the time we reach the middle of this century. As the report stated, a lot of work needs to be done in terms of infrastructure to achieve this. Peace and security are also very important requirements for economic development and the government has to do more to improve on these for the projection to become reality especially with the country’s fast-growing population. Source: See Where Nigeria is Expected to Be Among Global Economic Powers in 2050 cc: Lalasticlala, Mynd44 |
Re: See Where Nigeria Is Expected To Be Among Global Economic Powers In 2050 by Opinionated: 10:54am On Jun 01, 2018 |
This is a nice one. However, Nigeria's run away population growth is a threat. 1 Like |
Re: See Where Nigeria Is Expected To Be Among Global Economic Powers In 2050 by ALMUSTAQIM(m): 11:00am On Jun 01, 2018 |
GOD BLESS NIGERIA NOW & ALWAYS I AM VERY PROUD OF MY COUNTRY #PMB1523 |
Re: See Where Nigeria Is Expected To Be Among Global Economic Powers In 2050 by Nobody: 11:28am On Jun 01, 2018 |
With this pace abi?
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Re: See Where Nigeria Is Expected To Be Among Global Economic Powers In 2050 by CyynthiaKiss(f): 11:37am On Jun 01, 2018 |
Fantasy. |
Re: See Where Nigeria Is Expected To Be Among Global Economic Powers In 2050 by trapQ: 12:13pm On Jun 01, 2018 |
Mumu Keep supporting PMB until he takes you back to 1523 ALMUSTAQIM: |
Re: See Where Nigeria Is Expected To Be Among Global Economic Powers In 2050 by Omeokachie: 12:19pm On Jun 01, 2018 |
With the current performance of Buhari and his APC government, Nigeria will struggle for a space between Somalia and Afghanistan by 2020 should we allow him a reelection. |
Re: See Where Nigeria Is Expected To Be Among Global Economic Powers In 2050 by Opinionated: 3:09pm On Jun 01, 2018 |
Omeokachie: The report considers this government too. Do some people just like to speak negativity about our country or what? |
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