Countries That Will Overtake The U.S. Economy by 2050

Countries That Will Overtake The U.S. Economy by 2050

The USA has long been the King when it comes to the global economy. With a GDP greater than some countries like China and India, you would think they have locked in their position, and will never be knocked off their throne. Per a Report by Price Water House, the global economy is expected to double by 2050. So, what does that mean for the USA? Will they reign supreme decades from now? Well, the data suggests otherwise.

In 2030 China, which is currently second on line to the throne is expected to overtake the American economy by. That’s not all though. Eventually the USA will be knocked down another peg by the year 2050 Well if the predictions by Price Water House turns out to be accurate, India will come in second to China, with the U.S. rounding out the top three.

John Hawksworth, chief economist at Price Water house said, “By 2050 we project China will be the largest economy in the world by a significant margin, while India could have edged past the US into second place and Indonesia have risen to fourth place.”

On a different basis, like the PPP, Indonesia is expected to have a significant jump from the eight to the fourth largest economy in the world. Brazil is also expected to make a jump from seventh to fifth. Japan however, is expected to fall from fourth to eighth, Germany from fifth to ninth and the U.K. from ninth to 10th. France is expected to be bumped out of the top 10 completely.

The trend of moving away from established advanced economies, like many countries in Europe, and looking towards emerging economies in Asia and elsewhere is something we will begin to see. Countries like Brazil, China, Indonesia, Mexico, Russia and Turkey will see average annual economic growth hit nearly 3.5 percent over the next three decades and change.

“This shift of global economic shift in power will largely be driven by China and India. The report said. “For the advanced economies, growth is projected to be much lower on average compared to the emerging economies between 2016 and 2050.”

PwC ends it’s report by stating these results are more of a potential outcome rather than what “will” happen, saying that the world is “entering a period of considerable political, social and economic uncertainty.”

“Of course, we should not dismiss political shocks like Trump or Brexit to the extent they point to deeper structural shifts, notably a populist backlash against globalization, automation and the perceived impact of these trends in increasing income inequality and weakening social cohesion,” Hawksworth said. “These trends pose real policy challenges across the developed world and beyond and … there is no silver bullet to address these concerns.”

 

Conclusion

What do you think about this report? Let us know in the comment sections below. Check Our Reviews page for more insight into trusted companies. Check our site for reviews of all kind. It’s great place to become more knowledgeable about the world of finance, and will shed some light on some of the scams out there. Check out the previous post by clicking here.

Understanding Bitcoin Price Charts

Understanding Bitcoin Price Charts

 

Bitcoin is something that is ever growing. It’s still a brand-new industry and crypto-currency that more and more people are becoming interested in with every passing day. You’ve heard about, and you want to take part in the rat race. There’s only one problem, you have no idea when or how to invest. You may be an experienced investor, but you are uncertain as to how to or when you should invest. You need help understanding the Bitcoin Price Charts. So, that is what we are here to talk about. This is your simple guide to understanding the Bitcoin Price Chart.

 

Understanding Bitcoin Price Charts: Price Trends

 

When it comes to predicting price trends, there’s two primary approaches you can take. These are not the only two, but they are probably the ones you want to look at if you are still new to bitcoin. The First Method would be Fundamental Analysis. Fundamental Analysis looks at financial statements from companies, as well as its competitors and the market in general.  When fundamental analysis is applied to potential futures, the focus remains on the overall state of the economy. In this analysis, they include factors of all kind. Why? Because literally everything effects the economy, which in turn will affect the price of bitcoin. Things like interest rates, production, earnings, GDP, housing, manufacturing, etc.

Technical Analysis, on the other hand is more a security analysis. It forecasts the direction of prices by studying the past market. Basing its conclusion based on patterns, rather than basing it off the current and potential future state of the economy.

These two methods are not exactly what you would call full proof. There are some that states that both methods maybe can predict potential outcomes, but when it comes to actually predicting the stock price accurately, there’s a great amount of unpredictability. This argument is call the Efficacy Market Hypothesis. This hypothesis is not necessarily full proof either. It’s sort of a topic of some debate.

 

Understanding Bitcoin Price Charts: The Significance of Candlestick Charts

Continuing with the theme of price trends. Candlestick charts are a style of financial charts that are used for explaining movement in things like currency. Each Candlestick is a unit of measure of time. Most of the time one “candle” signifies one day. So, what kind of data does a candle stick chart show? Well, it shows the opening price of bitcoin in a day, the lowest price, the highest price, and the closing price.

 

Understanding Bitcoin Price Charts: Color Significance

Understanding the color significance of Candle Stick Charts is pretty simply, but just in case you are not aware I will go over the basics. The color of the candle body indicates whether the closing price was higher that the opening price, the lowest and highest price given the period as well as the closing price. Green mean a raise and red means a drop in the price. These sorts of charts are a part of the OHLC family. This is one of a multitude of other chart types to suit any advanced trader’s performance. So, it really depends on you and your preference.

 

Understanding Bitcoin Price Charts: Conclusion

These are some very basic tool that you can use to just get started. If you are really considering becoming a full-time investor in Bitcoin, you’ll have to dive in and get your hands dirty. You can read articles and guides on the internet, and but nothing beats personal experience.  Check Our Reviews page for more insight into trusted companies. Check our site for reviews of all kind. It’s great place to become more knowledgeable about the world of finance, and will shed some light on some of the scams out there. Check out the previous post by clicking here.