Mobile version Today: 01.04.2015 Last update 18:03 | Select date RUS | ENG | SRB
 
 
home sitemap write a letter facebook twitter
Add to favourites RSS


ONLINE JOURNAL
About us
Authors
Contacts
    London Gold Fix Closed – Sign of Drastic Changes the World Financial System...  
    Nuland attempts Kiev Version 2.0 in Skopje  
    Mission Imperative: Why the West and Kiev Regime Must Kill the Truth  
  HOME PAGE WORLD BUSINESS HISTORY & CULTURE COLUMNISTS  
 
 
 
EDITOR'S CHOICE
 
Saudi aggression in Yemen will fail
 
A “Good Day” for NATO?
all articles
 
 
 
 
NEWS
 
 
​Remove US military bases from Latin America - UNASUR chief...

BRICS potential of strengthening stability in world will be used - Putin...

Iran insists on immediate lift of financial and oil sanctions - deputy foreign minister...

Kiev fails to fulfil Minsk agreements - LPR republic...

Denmark Rules Out Providing Lethal Aid to Kiev...

ISIL Captures Most of Yarmuk Refugee Camp in Syria...

Al Saud’s connections to Al-Qaeda and the “War on Terror”...

Israel: Netanyahu warns nuclear deal would leave Iran able to make a bomb in under a year...

Romania will host NATO heavy arms if asked, as they support ‘every venture’ – bloc chief...

Russia extends winter package of gas prices for Ukraine...

Turkey Slams Arab League Chief Over 'Interference' Allegations...

Iran nuclear talks miss deadline; Russia says 'key aspects' agreed...

UN to welcome Putin’s arrival at United Nations in September...

US Approves Arctic Oil and Gas Drilling Off Coast of Alaska...

US Navy Took Part in Airstrikes Against Houthi Positions on Monday...

all news
 
 
 
FACEBOOK
 
 

 

 
 
 
back print
 

OECD: China’s Economy to Surpass US by 2016

News | 10.11.2012 | 06:19
 

 

China is projected to overtake the US to become the world's largest economy as early as 2016, a report by the Organization for Economic Co-operation and Development (OECD) says.

The report, Looking to 2060: A Global Vision of Long-term Growth, uses a new model for projecting growth in the 34 OECD member states and the eight major non-OECD G20 economies over the next 50 years.

“The United States is expected to cede its place as the world's largest economy to China, as early as 2016. India’s GDP is also expected to pass that of the United States over the long term,” the report published on Friday said.

China is also expected to surpass the euro zone "in a year or so." Another Asian giant, India, will “surpass Japan in the next year or two and the Euro area in about 20 years.”

By 2025, the combined GDP of China and India will exceed that of the major seven (G7) OECD economies.

“The shifting balance of long-term global output will lead to corresponding improvements in living standards,” the report says.

By 2060, people in the poorest countries will see their income per capita quadruple, and the increase could even be seven-fold in China and India.

Meanwhile, OECD Secretary-General Angel Gurria said, "None of these forecasts are set in stone."

"We know that bold structural reforms can boost long-term growth and living standards in advanced and emerging-market economies alike."

RIA Novosti

 
Tags: G7 China
 

 
Rating: 0 (0)      Your rating: 1 2 3 4 5     
 
Send by e-mail

Социальные комментарии Cackle
Comments
 
To add a comment, Login or Register
 
 
 
OUR COLUMNIST
    Nikolai BOBKIN

Yemen or Iran: Which One is in US Sights?

...Saying yes to the operation against the Shia movement Ansar Allah (Houthis) Americans risk facing «unexpected consequences» one more time. No doubt the Houthi movement is the only force in Yemen able to counter the Al-Qaeda in the Arabian Peninsula (AQAP) and the Islamic State (IS). The Yemen’s overthrown President Hadi was blamed for his close ties with Sunni radicals connected to AQAP and IS. As soon as the Houthis came to power, the AQAP militants gave an oath of allegiance to the Islamic State and started to fight the Houthis. Once again Obama aims at wrong terrorists...

01.04.2015
 
 
 
 
 
 
TAGS
 
 
 
Aeroflot AFISMA African Union Africom AIIB AIPAC Al Qaeda Al Shabaab Al-Jazeera ALBA Amnesty International Anonymous Ansar Allah APEC Arab League ASEAN ATAKA Atomstroyexport Bank for International Settlements Bank of America Barclays Basel Committee BBC Bilderberg Club Black Bloc Blackwater Boco Haram BP BRICS CARICOM CELAC Center for Responsive Politics CEPAL Chevron CIA CICA CIS Citigroup CNN Committee of 147 Committee of 300 Council of Europe Council on Foreign Relations Crescent Crescent Petroleum CSTO Customs Union CyberBerkut DARPA Davos DEA Defense Intelligence Agency DIA Dragon Family E.ON Eager Lion ECOWAS EDA ELNET Enbridge Pipelines ETA EU EULEX EurAsEc Eurasian Union European Commission European Court of Human Rights European Union Exxon Mobil Facebook FAO FARC FATAH FBI FDA Federal Reserve FIFA Financial Action Task Force Financial Stability Board Fitch Franklin Templeton Freedom House FRS FSB FTA FUEN G-4 G20 G7 G8 GATA Gazprom GECF Glonass Goldman Sachs Google Green Group Greenpeace GUAM Guardian Gulf Cooperation Council Hague Tribunal HAMAS Heritage Foundation Hezbollah Hizb ut-Tahrir HSBC Human Rights Watch IAEA IEA IHRC IMF International Criminal Court Interpol IOC ISAF Islamic jihad Islamic Revolution Guards Corps ITERA Jamestown Jobbik JP Morgan Jundullah KFOR KLA Ku Klux Klan Liberation Tigers of Tamil Eelam Lukoil Massachusetts Institute of Technology Mercosur Microsoft Missile defense Missile Defense Agency Moody's Morgan Stanley Mossad Most-Favoured Nation Mujahedin-e Khalq Muslim Brotherhood Nabucco Naftogaz NASA Nation of Islam National Security Agency NATO NDAA NDI NED Non-aligned Movement NORAD Nord Stream NORTHCOM Northern Distribution Network NSA OECD Oerlikon OIC OPCW OPEC Open Government Partnership Organization of American States OSCE OTW movement OUN / UPA PACE PACOM Pan-Europa movement Pentagon PJAK PKK PRISM PYD Red Cross Renova Republican Party Rosatom Roscosmos Rosneft Rosoboronexport Ruhrgas RusAl RWE SABSA Scientology Shanghai Cooperation Organization Shell Siemens South Stream Southern Command Standard & Poor's Statoil Strategic Nuclear Forces Stratfor SWF SWIFT Syrian National Council SYRIZA Taliban Tamarod TAPI TeleSur TNK-BP Total Transneft TTIP Twitter UN UN International Court UNASUR UNESCO USAID Valdai Club Visegrad Group Wall Street Westinghouse Wikileaks World Bank WTO Yukos “Mass Atrocity Response Operations”
 
 
 

Republishing is welcomed with reference to Strategic Culture Foundation on-line journal www.strategic-culture.org.


 

 

 
 
© Strategic Culture Foundation

RSS

Main Politics History&Culture Archive Authors Popular
  Economics Columns About Contact