US Intelligence Report: Asia’s Global Power Rising by 2030

China’s economy is likely to surpass the United States in less than two decades but the Asian country is not expected to take on the superpower role of the United States in gathering coalitions to deal with global issues, U.S. intelligence analysts said on Monday.

By 2030 Asia will overtake North America and Europe combined in global power based on gross domestic product, population,military spending and technological investment, a new intelligence report said.

“China alone will probably have the largest economy,surpassing that of the United States a few years before 2030,”it said. “Meanwhile, the economies of Europe, Japan, and Russia are likely to continue their slow relative declines.”

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.