World's Top Economies In 2050

[volstateguy]

The global research dept. of HSBC predictions of top world economies in 2050....the predictions include the Philippines jumping 27 spots to number 16. Read full article here.Http://business.blogs.CNN.com/2012/01/12/worlds-top-economies-in-2050-will-be/?hpt=hp_bn2

[Fred & Mimi]

Looks like they have both the Philippines and Indonesia above Australia so moving to Phili is sure to be the best for the future for my children....yes? I suppose they take into account that Australia will have run out of resources by then and the local indigenous girls just aren't as sexy as a filipina so no sex tourism to bolster the economy either hehehe.

[Jake]

The global research dept. of HSBC predictions of top world economies in 2050....the predictions include the Philippines jumping 27 spots to number 16. Read full article here.Http://business.blog...-be/?hpt=hp_bn2

Hmmm.....very interesting. It's amazing how the Philippines will improve from 43 to 16 in its economic growth for the year 2050.HSBC must be factoring in the OFW's remittance to significantly increase, while the Philippines internally will go t*t* up if thatshould stop flowing. Forty years from now (or sooner), the explosive population and poverty will reach critical mass.Sorry, but I think HSBC is full of it.......

[Call me bubba]

here is the article in FULL so it can be read .do i believe this? NO WAY, not under the present circumstances.(hint 1987 constitution with it RESTRICTIVE PROVISIONS regarding foreign investment/ownership) IF and only IF these PROVISIONS are CHANGED to make investment more FAVORABLE and NO Change of rules every few months thats DISADVANTAGE to the INVESTOR ,THEN perhaps the RP economy will be better than the Current , (CNN) – The global research department of HSBC has released a report predicting the rise and fall of the world’s economies in the next 40 years. The world’s top economy in 2050 will be China, followed by the United States. No surprises there – since China’s reforms in the 1980s, economists have said it’s not a question of if, but when, China’s collective economic might will top the U.S. But among the smaller, developing nations, there are several surprises by HSBC prognosticators: * By 2050, the Philippines will leapfrog 27 places to become the world’s 16^th largest economy. * Peru’s economy, growing by 5.5% each year, jumping 20 places to 26^th place – ahead of Iran, Colombia and Switzerland. Other strong performers will be Egypt (up 15 places to 20th), Nigeria (up nine places to 37^th), Turkey (up six spots to 12^th), Malaysia (up 17 to 21^st) and the Ukraine (up 19 to 45^th). * Japan’s working population will contract by a world-top 37% in 2050 – yet HSBC economists predict it will still be toward the top performing economies, dropping only one spot to the 4^th largest economy. India will jump ahead of Japan to 3^rd on the list. * The big loser in the next 40 years will be advanced economies in Europe, HSBC predicts, who will see their place in the economic pecking order erode as working population dwindles and developing economies climb. Only five European nations will be in the top 20, compared to eight today. Biggest drop will be felt northern Europe: Denmark to 56^th ( -29), Norway to 48^th ( -22), Sweden to 38^th (-20) and Finland to 57^th (-19). HSBC 2050 list of top economies (change in rank from 2010) 1) China (+2) 2) U.S. (-1) 3) India (+5) 4) Japan (-2) 5) Germany (-1) 6) UK (-1) 7) Brazil (+2) 8) Mexico (+5) 9) France (-3) 10) Canada (same) 11) Italy (-4) 12) Turkey (+6) 13) S. Korea (-2) 14) Spain (-2) 15) Russia (+2) 16) Philippines (+27) 17) Indonesia (+4) 18) Australia (-2) 19) Argentina (2) 20) Egypt (+15) “If we step away from the cyclicality, there are two ways economies can grow; either add more people to the production line via growth in the working population, or make each individual more productive,” the report says. In other words, demographics – the size of your working population – along with the opportunities to flex that muscle help determine long-term economic trends. Big factors on the back half of that equation: Education opportunities, democratic governments or strong rule of law (a caveat that explains China and Saudi Arabia’s high placement). “We openly admit that behind these projections we assume governments build on their recent progress and remain solely focused on increasing the living standards for their populations,” the report says. “Of course, this maybe an overly glossy way of viewing the world.” Chief factors that may derail economies moving forward, the report says: War, energy consumption constraints, climate change, and growing barriers to population movement across borders.

Edited January 13, 2012 by ed villas