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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.
In market exchange rate (MER) terms, we project. China to overtake the US in 2028 despite its projected growth slowdown. India has the potential to become the second largest economy in the world by 2050 in PPP terms (third in MER. terms), although this requires a sustained programme of structural reforms3.