Looking to 2060: A Global Vision of Long-Term Growth, from the OECD
China, India and the rest of the developing world will eclipse the west in a dramatic shift in the balance of economic power over the next 50 years, according to research by the Organisation for Economic Co-operation and Development (OECD).
The next five decades will see major changes in country shares in global output. The Paris-based thinktank's Looking to 2060: Long-Term Global Growth Prospects report uses a new economic model which forecasts that China will overtake the eurozone in 2012 and the US within the next four years to become the largest economy in the world. India is in the process of overtaking Japan and is forecast to pass the eurozone in about 20 years.