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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.
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