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NOTHING IS PERMANENT EXCEPT CHANGE

The US could lose its crown as the world’s most powerful economy as soon as next year, and it’s unlikely to ever get it back

  • The US could lose its crown as the world's biggest economy as soon as next year, according to data from Standard Chartered.
  • Once it falls behind China, it is unlikely to ever regain the top spot, and by 2030 it could also be behind India.
  • By 2030, the bank said, Asian gross domestic product will account for roughly 35% of global GDP, up from 28% last year and 20% in 2010.
  • Seven of the world's 10 largest economies could be in Asia in the next decade.

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