US To Grow Faster Than China Finds OECD Study; India To Also Gain A Larger Chunk Of The Growth Pie 

An Organisation for Economic Co-operation and Development (OECD) report has made some startling projections whereby the United States is expected to grow faster than China post 2030 through 2060. India and Indonesia are also expected to share a greater chunk of the growth pie with the economic gravity shifting squarely to Asia.

The study predicts that China would face the brunt of its one child policy just as it takes the mantle of the world’s largest economy. It is expected that the Chinese growth rate would stall because of this demographic collapse and that the rate of growth for the economy would drop from the storied low double digit levels to an average of 1.8 per cent. On the other hand it is forecast that the United States would average a growth rate of just under 2 per cent thus maintaining a slim lead over China.

Another factor that would aid America in maintaining its status of an economic superpower is the pre-eminence of the dollar with China and India playing catch-up in this sphere. The study is one of a kind since it tries to hazard a forecast of the global economy post China attaining the status of the largest economy in the world unlike earlier and present studies which have not delved into this aspect.