2050 GDP forecast

From Teikoku Databank Newspaper Teikoku Times, The 21st Century Public Policy Institute issued a GDP ranking forecast.

According to the forecast, inn year 2050, Japan’s GDP ranking will fall down to 5th behind India and Brazil from it’s current position: 3rd.

China will replace the U.S., India will be the 3rd followed by Brazil, and Japan will be the 5th only if we can maintain the current production level.

In worst case scenario, Japan may fall down to 9th in the world in 2050.

It is mainly due to the decreasing birth rate and economic condition in Japan. In 2050, population of age over 65 is expected to be 38.8% of the total population.

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