U.S. economy could slip from top spot in 2020 and keep slipping, analysts say
Americas days as the worlds most powerful economy are numbered, and when that torch is finally passed, itll be tough to get back, according to a recent report.
In our call of the day, Standard Chartered predicts Chinas GDP will overtake the U.S. next year. Whats more, within another decade, India is pegged to push the U.S. further down the list:
The global middle class is at a tipping point, writes Standard Chartered researcher Madhur Jha in the report. By 2020, a majority of the world population will be classified as middle class. Asia will lead the increase in middle-class populations even as middle classes stagnate in the West.
While the shake-up has been a long time coming, the hand-off could actually take place under Trumps watch. Cant wait for the tweet.
https://www.marketwatch.com/story/us-economy-could-slip-from-top-spot-in-2020-and-keep-slipping-analysts-say-2019-01-14