Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,158,386 members, 7,836,549 topics. Date: Wednesday, 22 May 2024 at 09:45 AM |
Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / China To Surpass USA As The Biggest Economy By 2030 (273 Views)
South Africa Set To Briefly Overtake Nigeria As Africa's Biggest Economy / Countries With The Biggest Debts In The World (Photos) / China To Overtake US As World's Biggest Economy By 2028, Report Predicts (2) (3) (4)
China To Surpass USA As The Biggest Economy By 2030 by Ishitinyourlife: 1:27pm On Feb 23, 2022 |
[quote][/quote]The world economy is poised to reach a remarkable milestone in 2022: Total annual GDP will soar past $100 trillion for the first time, two years earlier than previously forecast, according to the latest projections by London-based economic consulting firm CEBR. Perhaps even more notable is that total GDP is predicted to then double to $200 trillion by 2035. In part, the current surge reflects how effectively the world’s biggest economies have adjusted to the pandemic. But rising inflation, particularly in the U.S., is playing an even bigger role in driving up GDP right now than true organic growth, says Karl Thompson, an economist at CEBR. Looking ahead, China is expected to pass the U.S. as the world’s largest economy in 2030. As of today USA gdp sits slightly above $20t with a national debt of over $30t,US economy shrinked 3.5 percent in 2020, worst decline since 1946 The United States economy grew in the final quarter of 2020, but it was not enough to pull it out of the red for the year. China on the other hand has a gdp of over $17t and a national debt which is 75% lower than USA's debt. British consultancy Centre for Economics and Business Research (CEBR) forecasts. Its forecast says China’s GDP should grow 5.7% per year through 2025 and then 4.7% annually until 2030. China over the years as recorded the fastest economy growth in the history of Mankind ,a notion economists around the world regard as unreal and unprecedented. By the year 2050 the Chinese economy is projected to be more than 50% bigger than the united states economy. On February 1 ,2022 china's Gdp soared past the GDP of the entire Europe China also has the highest GDP nominal in the world, edging out USA who sits in second A fun fact according to world bank,cgtn,and coc by the year 2050 Nigeria's economy is projected to rank among the world's top ten economies with GDP of $6.4 trillion. https://www.bbc.com/news/world-asia-china-55454146 https://www.google.com/amp/s/www.voanews.com/amp/chinas-economy-could-overtake-us-economy-by-2030/6380892.html https://www.google.com/amp/s/fortune.com/longform/global-gdp-growth-100-trillion-2022-inflation-china-worlds-largest-economy-2030/amp/ 1 Like
|
Re: China To Surpass USA As The Biggest Economy By 2030 by FERNANDEZISBACK: 1:29pm On Feb 23, 2022 |
We need a link to verify this asap.. Post a credible link to verify this.. |
Re: China To Surpass USA As The Biggest Economy By 2030 by Ishitinyourlife: 1:38pm On Feb 23, 2022 |
FERNANDEZISBACK:Any economists around the world knows this,but if you're not vast in international relations then a quick trip to reddit, google, YouTube,twitch, library, Quora can satisfy your curiosity |
Re: China To Surpass USA As The Biggest Economy By 2030 by Ishitinyourlife: 1:40pm On Feb 23, 2022 |
FERNANDEZISBACK: 1 Like
|
Re: China To Surpass USA As The Biggest Economy By 2030 by FERNANDEZISBACK: 1:41pm On Feb 23, 2022 |
Ishitinyourlife:What's this boy saying? I am not arguing with your write up..I only asked for a link or did you not see that Mynd44 viewed this thread earlier on and is supposed to push it to front page but due to lack of credible link he didn't.. You don't expect any sane person to believe a random write up without credible source..what else do you want to say?this is an important information and all I need is a credible source.. |
Re: China To Surpass USA As The Biggest Economy By 2030 by Ishitinyourlife: 1:47pm On Feb 23, 2022 |
FERNANDEZISBACK:You might want to learn manners first,it is possible to talk without being Rude 3 Likes |
Re: China To Surpass USA As The Biggest Economy By 2030 by shogsman(m): 1:53pm On Feb 23, 2022 |
Those guys make pretty much everything, I won't be surprised if they overtake USA before 2029 even, cos their gdp growth has Been dramatic 3 Likes |
Re: China To Surpass USA As The Biggest Economy By 2030 by Discombulator: 1:56pm On Feb 23, 2022 |
Thier work ethics is something the whole world should try and cultivate,I mean 70% of what the world use is made from china including your iphones and teslas 1 Like |
Re: China To Surpass USA As The Biggest Economy By 2030 by Babapyro: 2:01pm On Feb 23, 2022 |
Everyone knows this,they make everything so obviously they'd be richer than everyone else |
Re: China To Surpass USA As The Biggest Economy By 2030 by Babapyro: 2:03pm On Feb 23, 2022 |
Say what you will about Nigeria,but we have something working for us and that is our population,our economy will continue to grow |
Re: China To Surpass USA As The Biggest Economy By 2030 by seunny4lif(m): 3:05pm On Feb 23, 2022 |
Don’t they already passed the USA because PPP is the best way to check economy |
Re: China To Surpass USA As The Biggest Economy By 2030 by Ishitinyourlife: 3:43pm On Feb 23, 2022 |
seunny4lif:Yeah that PPP is higher than USA but gdp nominal is the first measure to measuring wealth |
Re: China To Surpass USA As The Biggest Economy By 2030 by lordm(m): 10:17pm On Feb 23, 2022 |
I have been hearing this fake news for long now |
Re: China To Surpass USA As The Biggest Economy By 2030 by Mossadd: 3:57am On Feb 24, 2022 |
lordm:wake up oga ade that's reality |
(1) (Reply)
Speed Darlington Abandons IPOB / President Of El Salvador: There's Enemies Within Trying To Bring US Down / #accelerationismcoronavirus: US Supreme Court Vetoes Biden's Corporate Vaccine M
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 21 |