Most Popular
-
1
Jung's paternity reveal exposes where Korea stands on extramarital babies
-
2
Samsung entangled in legal risks amid calls for drastic reform
-
3
Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
-
4
Seoul blanketed by heaviest Nov. snow, with more expected
-
5
[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'
![[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/26/20241126050017_0.jpg&u=20241126161719)
![[Herald Interview] 'Trump will use tariffs as first line of defense for American manufacturing'](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/11/26/20241126050017_0.jpg&u=20241126161719)
[Graphic News] Emerging nations to dominate world economy in 2050
By Nam Kyung-donPublished : June 4, 2019 - 18:10
By 2050, China will not only have overtaken the United States, but its economy will be much, much bigger than the US.
According to a PwC report, its gross domestic product will stand at around $58.5 trillion compared to the US’ $34.1 trillion (on a purchasing power parity basis).
The Asian giant will account for 20 percent of the world’s economy, higher than India at 15 percent and the US at 12 percent.
In 2050, the global economy will be led by China, with India in second, followed by Indonesia in fourth place. The US is projected to be the world’s third-largest economy in 2050, based on gross domestic product.
