What will the World’s Economy Look Like in 2030?
Experts warn to get ready for a new economic order. According to the U.S. Department of Agriculture's latest macroeconomic projections that extend to 2030, it is stated that the US economy will barely remain the global leader with $24.8 trillion in annual output. China’s GDP will grow to more than twice its size today with $22.2 trillion. India is set to become the third largest economy in the world by 2030 it will climb past Brazil, the United Kingdom, France, Germany.
Other nations are not so lucky. For instance, Japan is in a bad condition; over the next 15 years it will continue to see very little growth. The economy of France and Italy will drop, too. In the overall ranking, Jamaica will surrender to the most ground, bumping down 13 places to 136.
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