PH could be 16th "strongest economy" in the world by 2050, says HSBC

CNN.com blog Business 360 Global Exchange reports that British bank HSBC global research department just released a report that predicts which counties will have the strongest economies in the next 40 years.

CNN.com  blog Business 360 Global Exchange reports that British bank HSBC’s global research department just released a report that projects which counties will have the strongest economies in the next 40 years.

 

In a statement, HSBC explained, "We openly admit that behind these projections we assume governments build on their recent progress and remain solely focused on increasing the living standards for their populations. Of course, this maybe an overly glossy way of viewing the world."

 

Likewise, the HSBC report noted: "Chief factors that may derail economies moving forward, the report says: War, energy consumption constraints, climate change, and growing barriers to population movement across borders."

 

Business 360 Global Exchange published HSBC’s list. (See below.)

 

HSBC 2050 list of top economies

  1. China
  2. U.S.
  3. India
  4. Japan
  5. Germany
  6. UK
  7. Brazil
  8. Mexico
  9. France
  10. Canada
  11. Italy
  12. Turkey
  13. South Korea
  14. Spain
  15. Russia
  16. Philippines
  17. Indonesia
  18. Australia
  19. Argentina
  20. Egypt
  21. Malaysia
  22. Saudi Arabia
  23. Thailand
  24. Netherlands
  25. Poland
  26. Peru
  27. Iran
  28. Colombia
  29. Switzerland
  30. Pakistan

 

For more on this story, check out Business 360 Global Exchange.

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