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
- South Korea
- Saudi Arabia
For more on this story, check out Business 360 Global Exchange.