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

clock

China and the US will lead the biggest-ever economic boom as global output triples again by 2050, a HSBC report predicts.

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Partner Insight: Every year counts - Practical support from Octopus to cut through the pre-Budget noise

Partner Insight: Every year counts - Practical support from Octopus to cut through the pre-Budget noise

Helping clients act now for effective estate planning

Toyin Oyeneyin, Tax Product Specialist @ Octopus Investments
clock 25 November 2025 • 6 min read
Budget wish lists: Advisers share hopes and fears ahead of 26 November

Budget wish lists: Advisers share hopes and fears ahead of 26 November

Is increasing income tax the chancellor’s ‘least worst’ option?

Jenna Brown
clock 17 November 2025 • 9 min read
Bank of England holds interest rates at 4% as Budget looms large

Bank of England holds interest rates at 4% as Budget looms large

Five MPC members voted to hold rates

Michael Nelson
clock 06 November 2025 • 3 min read