Don't know if it's a conspiracy site, but....
HSBC forecasts new four economic powers
The forecast is based on demographic and social trends such as birth rate, the national level of health and education. It also takes into account the current investment attractiveness which includes the protection of property rights, the state’s influence on the economy, the level of democracy, and monetary policy of the authorities.
HSBC Group’s analysts headed by Karen Ward have produced a forecast of development one hundred major world economies by 2050. The bank has essentially proposed an alternative BRIC concept where Brazil and Russia will be dropped from a group of large fast-growing economies which will grow by only 3-5% per year in the next 40 years. The leaders in growth will be the Philippines, Chile, Peru and Ukraine, Finmarket reported. The key to high growth rates in these countries will lie in a low base effect, good demographics, and improvements in the legislation. The bank’s analysts made projections for 2000-2010, which were close to the actual results. China will be the world’s largest economy by 2050 followed by India. Both countries will overtake the United States. The Philippines will be the most rapidly growing economy overtaking Japan. In Latin America, the leading position will belong to Peru, which will grow by an average of 5.5%. Goldman Sachs analysts who introduced the BRIC term 10 years ago believe that the peak growth of the BRIC countries is over.
http://caspionet.kz/eng/business/HSBC_forecasts_new_four_economic_powers_1326864080.html
HSBC forecasts new four economic powers
The forecast is based on demographic and social trends such as birth rate, the national level of health and education. It also takes into account the current investment attractiveness which includes the protection of property rights, the state’s influence on the economy, the level of democracy, and monetary policy of the authorities.
HSBC Group’s analysts headed by Karen Ward have produced a forecast of development one hundred major world economies by 2050. The bank has essentially proposed an alternative BRIC concept where Brazil and Russia will be dropped from a group of large fast-growing economies which will grow by only 3-5% per year in the next 40 years. The leaders in growth will be the Philippines, Chile, Peru and Ukraine, Finmarket reported. The key to high growth rates in these countries will lie in a low base effect, good demographics, and improvements in the legislation. The bank’s analysts made projections for 2000-2010, which were close to the actual results. China will be the world’s largest economy by 2050 followed by India. Both countries will overtake the United States. The Philippines will be the most rapidly growing economy overtaking Japan. In Latin America, the leading position will belong to Peru, which will grow by an average of 5.5%. Goldman Sachs analysts who introduced the BRIC term 10 years ago believe that the peak growth of the BRIC countries is over.
http://caspionet.kz/eng/business/HSBC_forecasts_new_four_economic_powers_1326864080.html



