According to analysts at Standard Chartered, next year, the US will no longer be the world leader in terms of GDP, and it will be surpassed by India and China by 2030.
Experts believe that a shakeup in the global economy will be fueled largely by a strengthening of the middle class. "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," Standard Chartered noted.
Experts predict that Russia will take the fifth place in the ranking in 2020, and then drop to the eighth one by 2030. On the contrary, the Indonesian economy is expected to rise significantly: by 2020, the country will enter the top ten in terms of GDP, occupying the seventh place, and in 2030, it will reach the fourth position. According to Standard Chartered, the ratings of Turkey, Brazil and Egypt will improve notably, and in 2030, they will rank fifth, sixth and seventh, respectively.
The leading countries in terms of GDP, such as Japan and Germany, which now are among the top three in the world, may reach the bottom of the list in 2030, holding the ninth and tenth places, respectively.
