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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.
For its part, China will certainly remain a top-five economy, but it will not overtake the United States in terms of GDP per capitaâa measure of wealth versus size. The two primary headwinds for China maintaining are the need to reform its banking system, and the pivot to a more consumer-driven society.