Signal Vietnam projected as fastest growing economy and 20th by GDP in 2050

Summary

Drawing on PwC projections, the Megatrends 2040 report expects Vietnam to become the fastest-growing economy through 2050. Over that period, Vietnam is projected to rise to 20th place in the world GDP rankings. The forecast appears alongside projections that China will become the largest economy at market exchange rates before 2030, India will overtake the United States by 2050 and Indonesia will reach fourth place. The report uses these figures to illustrate the continuing shift of global economic power toward emerging economies in the East and the South. It links Asia's rise to free trade reforms that have helped several countries expand growth and prosperity over the past thirty years.