Economy..

 

The “World in 2050” report by PwC projects China to become the world’s largest economy, contributing around 20% of the global GDP.

China has already surpassed the United States in purchasing power parity (PPP) and is poised to become the world’s largest economy before 2030. By 2050, India is expected to hold the third-largest economy spot.

In another report from the Organization for Economic Co-operation and Development (OECD), the global population is expected to exceed 9 billion by 2050. This surge will place unprecedented pressure on natural resources crucial for energy and food production.

Despite the recent global recession, the world GDP is anticipated to nearly quadruple by 2050. However, the economic trajectories of various regions will diverge significantly.