đAccording to the Great Powers Index 2024 by Ray Dalio, the global economic order is undergoing a historic transformation â with emerging markets poised to lead the next wave of growth. The index, which evaluates 24 major economies using metrics such as GDP, trade, productivity, and life expectancy, highlights one clear trend: Asia is the future engine of global expansion.
đźđł India leads the pack with a projected 6.3% annual real growth rate, the highest among all major economies. Strong demographics, rapid industrialization, and large-scale infrastructure development are cementing its position as the worldâs fastest-growing major economy.
Following closely are the UAE and Indonesia, each expected to grow around 5.5%, while Saudi Arabia and Turkey maintain solid momentum above 4%. These nations are driving a new era of economic dynamism, fueled by diversification, digital transformation, and youthful workforces.
In contrast, advanced economies are slowing down. The United States, despite its massive $30 trillion GDP and robust financial system, is forecasted to grow just 1.4% annually, ranking 22nd among major economies. Traditional European powerhouses like Germany and Italy may even face negative growth (-0.5%) over the next decade, challenged by aging populations, heavy debt, and stagnating productivity.
đšđł China, the worldâs second-largest economy, is projected to sustain 4% annual growth, maintaining influence despite internal structural hurdles and a cooling post-boom trajectory.
In essence:
Emerging economies â led by India, Indonesia, and China â are reshaping the worldâs economic balance. As Western nations contend with slower expansion, the global center of gravity is shifting East. This realignment will redefine trade routes, financial markets, and investment priorities for years to come.
đ Top Projected Real Growth Rates (Next 10 Years)
đźđł India â 6.3%
đŠđȘ UAE â 5.5%
đźđ© Indonesia â 5.5%
đžđŠ Saudi Arabia â 4.6%
đčđ· Turkey â 4.0%
đšđł China â 4.0%
đșđž U.S. â 1.4%
đ©đȘ Germany â -0.5%
đźđč Italy â -0.5%
The coming decade will mark a global economic reset â led by innovation, population growth, and the resilience of emerging markets.
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