The world economy is projected to grow at an average rate of just over 3% per annum from 2011 to 2050,
doubling in size by 2032 and nearly doubling again by 2050.
China is projected to overtake the US as the largest economy by 2017 in purchasing power parity (PPP) terms
and by 2027 in market exchange rate terms. India should become the third ‘global economic giant’ by 2050, a
long way ahead of Brazil, which we expect to move up to 4th place ahead of Japan.
Russia could overtake Germany to become the largest European economy before 2020 in PPP terms and by

The world economy is projected to grow at an average rate of just over 3% per annum from 2011 to 2050, doubling in size by 2032 and nearly doubling again by 2050.
China is projected to overtake the US as the largest economy by 2017 in purchasing power parity (PPP) terms and by 2027 in market exchange rate terms. India should become the third ‘global economic giant’ by 2050, a long way ahead of Brazil, which we expect to move up to 4th place ahead of Japan.

The Scenarios for the Russian Federation were developed through a strategic dialogue process engaging over 350 business, policy and academic leaders throughout 2012. The scenarios report focuses on possible future pathways for the Russian economy and pays particular attention to three critical uncertainties: ongoing evolutions in the global energy landscape, the quality of Russia's domestic institutional environment and dynamics of social cohesion within the country.