America’s days as the world’s most powerful economy are numbered, and when that torch is finally passed, it’ll be tough to get back, according to a recent report.
In our call of the day, Standard Chartered predicts China’s GDP will overtake the U.S. next year. What’s more, within another decade, India is pegged to push the U.S. further down the list:
“The global middle class is at a tipping point,” writes Standard Chartered researcher Madhur Jha in the report. “By 2020, a majority of the world population will be classified as middle class. Asia will lead the increase in middle-class populations even as middle classes stagnate in the West.”
While the shake-up has been a long time coming, the hand-off could actually take place under Trump’s watch. Can’t wait for the tweet.
Speaking of Trump tweets, here’s what the president was doing Sunday night:
If Elizabeth Warren, often referred to by me as Pocahontas, did this commercial from Bighorn or Wounded Knee instead of her kitchen, with her husband dressed in full Indian garb, it would have been a smash! pic.twitter.com/D5KWr8EPan
— Donald J. Trump (@realDonaldTrump) January 14, 2019
But back to the call…
The Visual Capitalist followed up with a graphic for some added color on how the reshaping of the status quo will look over the next dozen years:
“With the divide between emerging and developed economies closing at a seemingly faster rate than ever before,” says Visual Capitalist’s Jeff Desjardins, “this should be seen as an interesting opportunity for all investors taking a long-term view.”
Meanwhile, with the U.S. government still on pause, the fate of Brexit hanging in the balance and volatility dogging global markets, investors have to be feeling pretty