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Posts tagged "bric economies"

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Discussions Discussion China: Traditions and Transformations
Kevin Chu, Dec. 8, 2011

China to overtake US economy in 2026

China will overtake the US as the world’s largest economy in 2026, according to new forecasts from Goldman Sachs, a decade after the bank’s Jim O’Neill predicted the ascent of the BRIC (Brazil, Russia, India, China) economies. The bank says in a new research paper that the ‘Great Transformation’ of the global economy is now ‘more than halfway complete’, a process that has been ‘reinforced’ by the global financial crisis.

http://citywire.co.uk/money/goldman-sachs-china-to-overtake-us-economy-in-2026/a550329

Below, the IMF predicts it will happen much earlier that 2026.

http://youtube.com/watch?v=dp43DoOP7yE
Kevin Chu
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