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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.
China's export driven economy started to feel the impact of the economic slowdown in the United States and Europe, and the government had already cut key interest rates three times in less than two months in a bid to spur economic expansion.184.9 billion will be spent in 2009, and $399.4 billion will be spent in 2010 with the remainder of the bill's appropriations spread over the rest of the decade. Announcements of rescue plans were associated with positive returns whereas a public intervention in favor of a specific bank showed negative impacts.