HSBC: China and America to lead global mega-boom - papers

Growth will rise to 3% on average over the next 40 years, up from 2% over the last decade, as the rising powers of Asia, the Middle East and Latin America become major players in the world economy, it said. In a sweeping report entitled "The World in 2050", the bank said China would snatch the top slot as expected, but only narrowly, reports the Telegraph. China, at $24.6trn (constant 2000 dollars) and the US at $22.3trn will together tower over the global economy in bipolar condominium - or simply the G2 - with India at $8.2trn far behind in third slot, and parts of Europe slithering...