China's Economy Will Overtake US In The Next Four Years, Says OECD

[ScienceRocks]

China's Economy Will Overtake US In The Next Four Years, Says OECD

OECD: China's Economy Will Overtake US - Business Insider

Josephine Moulds, The Guardian|Nov. 9, 2012, 6:19 AM|1,785|22

China will overtake the US in the next four years to become the largest economy in the world, says a leading international thinktank.

The Paris-based Organisation for Economic Co-operation and Development (OECD) said China's economy will be larger than the combined economies of the eurozone countries by the end of this year, and will overtake the US by the end of 2016.

Global GDP will grow by 3% a year over the next 50 years, it says, but there will be large variations between countries and regions. By 2025, it says the combined GDP of China and India will be bigger than that of France, Germany, Italy, Japan, UK, US and Canada put together. Asa Johansson, senior economist at the OECD, said: "It is quite a shift in the balance of economic power we are going to see in the future."

How do we remain number one?

 

[Politico]

After the epic bonehead move you guys pulled on Tuesday I believe it.

 

[Mad Scientist]

I think our Gov't should sign more Free Trade Agreements that send the rest of our jobs over there.

 

[toomuchtime_]

China's Economy Will Overtake US In The Next Four Years, Says OECD

OECD: China's Economy Will Overtake US - Business Insider

Josephine Moulds, The Guardian|Nov. 9, 2012, 6:19 AM|1,785|22

China will overtake the US in the next four years to become the largest economy in the world, says a leading international thinktank.

The Paris-based Organisation for Economic Co-operation and Development (OECD) said China's economy will be larger than the combined economies of the eurozone countries by the end of this year, and will overtake the US by the end of 2016.

Global GDP will grow by 3% a year over the next 50 years, it says, but there will be large variations between countries and regions. By 2025, it says the combined GDP of China and India will be bigger than that of France, Germany, Italy, Japan, UK, US and Canada put together. Asa Johansson, senior economist at the OECD, said: "It is quite a shift in the balance of economic power we are going to see in the future."

How do we remain number one?

China has four times the population of the US but we still have six times the per capita GDP of China. If we can limit four more years of the Obama effect on our economy that won't change for a long time.

 

[uscitizen]

China's Economy Will Overtake US In The Next Four Years, Says OECD

OECD: China's Economy Will Overtake US - Business Insider

Josephine Moulds, The Guardian|Nov. 9, 2012, 6:19 AM|1,785|22

China will overtake the US in the next four years to become the largest economy in the world, says a leading international thinktank.

The Paris-based Organisation for Economic Co-operation and Development (OECD) said China's economy will be larger than the combined economies of the eurozone countries by the end of this year, and will overtake the US by the end of 2016.

Global GDP will grow by 3% a year over the next 50 years, it says, but there will be large variations between countries and regions. By 2025, it says the combined GDP of China and India will be bigger than that of France, Germany, Italy, Japan, UK, US and Canada put together. Asa Johansson, senior economist at the OECD, said: "It is quite a shift in the balance of economic power we are going to see in the future."

How do we remain number one?

We won't and will have to learn to live with that.

 

[RoadVirus]

How do we remain number one?

I'd say "get rid of Obama", but 61 million voters blew that option out of the water a few days ago.