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CITI Presents The 10 Countries That Will Dominate World Trade In 2050
Despite a 20% decline during the financial crisis, world trade is set to grow at an average rate of 6.1% every year between 2010 and 2030, and 4.4% between 2030 and 2050. In real terms world trade (i.e. the sum of imports and exports) is set to jump from $37 trillion in 2010 to $287 trillion in 2050, according to a new Citigroup report titled Trade Transformed: The Emerging New Corridors of Trade Power. Specifically, trade is set to transform with most growth coming from emerging markets. China is projected to overtake the U.S. as the world's leader in trade as early as 2015. Developing Asia is expected to become the ... (full story)
