Goldman Sachs forecasts US may not be the world's largest economy by 2075 due to slower labor force growth.
Goldman Sachs predicts the US won't be the world's largest economy in 2075 due to slower labor force growth and declining global population growth. By 2050, China, US, India, Indonesia, and Germany are expected to be the top five economies. Despite the global growth average of under 3% annually, developing markets, particularly in Asia, are predicted to outpace developed markets.
June 30, 2024
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