2030, Japan's Economic Beat RI

In 2030, Indonesia's economy not only shift the German, French, Russian and English. Bank number one in the UK, Standard Chartered Bank, estimated that Indonesia's economic strength will defeat Japan in 2030.
Stanchart In a special report titled "The Super-Cycle Report" recently published, assessing the world is in the midst of a continuing period of high economic growth which they call by the term super-cycle.

According to Drs. Gerard Lyons, Chief Economist and Group Head of Global Research Stanchart, a super-cycle is going to happen the potential upside in terms of strong global growth.

"It is also inseparable from the fact that developing countries would be a major driver of growth, whereas western countries have the ability to benefit from global economic change by adapting and changing," explained Gerard.

Strong growth starting in 2000 and will last until the next few decades. "In 2030, the volume of the global economy would reach more than USD300 billion," the report said. This volume is an increase over the current position of USD62 trillion.

Even more interesting, the report said, developing countries will be able to surpass the developed world better. As a result, the global economic balance of power will shift strongly from west to east.

The trigger is increased trade, especially in markets of developing countries, rapid industrialization, urbanization and the rising middle class in developing countries.

"Asia will drive the majority of global growth over the next 20 years," said Stanchart. Asia is often referred to are China, India and Indonesia.

At that time, standard of living as measured by real per capita income, will increase nine-fold in China and India between 2000 and 2030. Increased personal income would push billions of people entered the middle class and increased consumption will spur domestic economic growth.

China's economic growth rate will be 6.9 percent over the next two decades, even overtaking the United States to a world economic superpower within a decade, namely in 2020. India's economic growth increased 9.3 percent in the same period and trail the United States as the third largest economy by 2030.

What about Indonesia? According to the report, in the next decade, Indonesia would occupy the tenth position as a world economic power. Indonesia was under German, French, Russian and English who are in sixth to ninth.

However, in the next decade or 2030, Indonesia is not only beat the four countries. Indonesia will even beat Japan is now the world's third largest economic power after U.S. and China.

At that time, Indonesia was in fifth position with the world's gross domestic product USD9, 3 trillion, while Japan's GDP in sixth with $ 8, 4 trillion. (Bs-UPI)

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