… by 2050. That’s the conclusion of PwC’s study “The BRICs and Beyond: prospects, challenges and opportunities.” Perhaps this is one more of those studies predicting infinite growth for the BRICs based on past decade data… but it’s worth a read.
Here are some of their findings:
“China is projected to overtake the US as the largest economy by 2017 in purchasing power parity (PPP) terms and by 2027 in market exchange rate terms. India should become the third ‘global economic giant’ by 2050, a long way ahead of Brazil, which we expect to move up to 4th place ahead of Japan.
Russia could overtake Germany to become the largest European economy before 2020 in PPP terms and by
around 2035 at market exchange rates. Emerging economies such as Mexico and Indonesia could be larger than
the UK and France by 2050, and Turkey larger than Italy.”
Seemed interesting, until I read the rankings below. Then, I realized, perhaps the study was more entertainment than anything else.
Here’s the ranking projection based on PPP (Nigeria in 13th by 2050? WTF?):