Global purchasing power will expand vigorously until 2050

World becomes more and more richer, after the economies of the developing countries are increasingly catching up – forecasts Willem Buiter, chief economist for Citigroup. The expert predicts straight: in 2050, the current leader will be China and India, surpassing the United States in the ranking of the world's largest economies.

Strong global economic growth will occur until 2050. This means that the average annual real growth may be around 4.6 percent until 2030 and an annual 3.8 percent real GDP growth may be achieved on a global level – cites CNBC’s forecast the forecast of thechief economist of the bank – reports portfolio.hu.