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Balance of economic power will shift dramatically over the next 50 years, says OECD

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In the recent Policy Note titled “Looking to 2060: A Global Vision of Long-term Growth” published by OECD; the United States is expected to cede its place as the world’s largest economy to China, as early as 2016. India’s GDP is also expected to pass that of the United States over the long term. Combined, the two Asian giants will soon surpass the collective economy of the G7 nations…..Read More

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