US Will Be the World's Third Largest Economy: Citi -- CNBCThe world is going to become richer and richer as developing economies play catch up over the coming years, according to Willem Buiter, chief economist at Citigroup.
"We expect strong growth in the world economy until 2050, with average real GDP growth rates of 4.6 percent per annum until 2030 and 3.8 percent per annum between 2030 and 2050," Buiter wrote in a market research.
"As a result, world GDP should rise in real PPP-adjusted terms from $72 trillion in 2010 to $380 trillion dollars in 2050," he wrote.
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My Comment: We have a long way to go before reach 2020 and 2050, and anything is posible. But if trend lines continue, I will also make another prediction, and that is by 2050 it will be India and China that will have the dominant armies in the world.
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