1. Growth of the present non-OECD will continue to outpace that of the present OECD, but the difference will narrow substantially over coming decades. From over 7% per year recently, non-OECD growth may decline to around 4 1/2 per cent per annum in 2030. Until around 2020, China is set to have the highest growth rate among major countries, but could be then surpassed by India. 2. China will likely pass the United States as the world's largest economy in the next few years and India has probably recently surpassed Japan to be third largest. By the early 2030s, the BRIICS combined GDP should roughly equal that of the OECD (based on current membership), compared with just over half that of the OECD now.
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