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’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.