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Follow Business Insider: The lineup of global economic powerhouses is going to see some changes by 2050. China is expected to surpass the US in terms of nominal GDP by 2026 â aka in 11 years, according to The Economist Intelligence Unit. India, the strongest emerging market, is expected jump to third place, with real growth averaging around 5% by 2050. Plus, Indonesia and Mexico will vault up into the top 10.
BEIJING (AP) â China has rejected a World Bank report that suggests it might pass the United States this year to become the biggest economy measured by its currency's purchasing power. China is on track to become the No. 1 economy by sheer size by the early 2020s and possibly sooner.