Long-term macroeconomic forecasts Key trends to 2050
The report forecasts global economic trends up to 2050, highlighting the rise of Asian economies and demographic shifts.
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| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | The Economist |
| Time horizon: | 2050 |
| Geographic focus: | Global |
| Page count: | 15 pages |
Methods
The research method involves a supply-side forecasting framework, considering factors such as labor and capital availability, productivity growth, education levels, trade openness, institutional quality, fiscal policy, government regulation, and demographic changes. It combines these with demographic projections to estimate overall GDP growth.
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Key Insights
The Economist Intelligence Unit report provides long-term macroeconomic forecasts up to 2050, focusing on the growth of Asian economies, particularly China and India, and the demographic challenges facing the world. It predicts a shift in the global economic landscape, with emerging markets growing faster than developed ones, although advanced economies will maintain higher per capita incomes. The report also discusses the implications of an aging population on labor forces and economic growth, suggesting that policies to increase labor participation and attract immigrants will become more important. It emphasizes the need for countries to adapt to these changes to ensure sustainable growth.
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Additional Viewpoints
Categories: 2050 | 2050 time horizon | 2050s time horizon | English publication language | Global geographic scope | asian economies | demographic shifts | demography | economic forecasts | economic growth | economy | global business | global gdp | globalisation | growth | immigration policies | labor force trends | macroeconomics | per capita income | population growth | technological progress