2023-05-22 18:36:03
Global economic power is expected to change course by the year 2028, since the expectation is that Asia will be the place where the main economies of the world converge in that year.
This is mainly due to the fact that four of the six countries with the highest GDP by purchasing power parity would be from this part of the world.
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In this way, the advanced economies of Europaexcepting Germanywould move to lower positions, according to an analysis of the International Monetary Fund (IMF)
The entity established that in 2020 the GDP of Asia would exceed that of the rest of the world as a whole. Some time later, the IMF estimates indicated that this continent “contribute regarding 60% of global growth”.
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The report indicates that a large part of that economic growth comes from developing markets, that is, from the cases of China and India, the two most populous countries in the world, along with all of Southeast Asiawhich will lead to new determinations for companies, governments and Non-Governmental Organizations (NGOs).
The Asia Pacific region will also be responsible for 90% of the 2.4 billion new members of the so-called ‘middle class’.
“The pressure will be on them to guide Asia’s development in a way that is equitable and designed to solve a host of social and economic problems.”, mentions the IMF.
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Finally, according to the world classification of countries, carried out by Statista, in relation to GDP by purchasing power parity in the years 1992, 2010 and 2028, the ranking of the 10 countries that will be the most important economies in the world in the year 2028 will be: China, the United States, India, Japan, Germany, Indonesia, Russia, Brazil, France, and the United Kingdom.
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