If we talk about world powers, countries like USA and China, which have stood out in recent years for their economic power and which according to Goldman Sachs, one of the largest investment and securities groups in the world, will continue in that position for the coming decades. But according to the aforementioned multinational financial services company, there is a country in South America that would be a power
Which South American country would be a world power in 2050?
According to a ranking prepared by Goldman Sachs and made up of 104 countries until the year 2050 and also 2075, the empire of a nation as an emerging market is consolidated from the purchasing power capitalized in the privatization of corporate assets, among other analytical considerations that currently position a South American country as a potential world power
According to the Global Economy report called “The road to 2075: capital market size and opportunities”, which has been carried out by the leading firm in the area of investment banking, Brazil It will rise within the Top 10 as the state in the subregion that will grow considerably with a total of 8.7 trillion dollars and will maintain the same place 25 years later (in 2075).
The South American country beats Germany ($8.1 trillion) and the United Kingdom ($7.6 trillion) in the top 10 estimates of the global economy in the coming decades. But if we focus on Latin America, Mexico would enter the list in 11th place with 4.2 (2050) and 7.6 trillion dollars (2075).
Economic powers of the world in 2050
The work carried out and shared by Goldman Sachs on June 8, 2023, also offers precise information about the countries that would universally be world powers in the next almost 30 years, taking into account various factors such as potential GDP growth.
Given this context, China would take first place for both 2050 as for 2075while the rest of the 4 nations considered by the global investment research team of the leading firm in the banking area
2050
- China.
- USA
- India.
- Indonesia.
2075
- China.
- India.
- USA.
- Indonesia.
- Nigeria.
Each of the projections established by Goldman Sachs determine that the 5 largest economies in the world in 2050 will be China, USA, India, Indonesia and Germany because, as they explain, “They combine our GDP estimates with our long-term real exchange rate projections, to project the real value of the US dollar of major economies over time.”