The US economy will grow a bit faster than China.
Huh? That’s not a typo. It’s one of the projections in a fascinating OECD paper sketching scenarios for the world through 2060. Other developments canvassed: China’s share of global output peaks in the 2030s and then declines while India’s slice keeps rising. Indonesia’s economy catches up to its population.
The forecast for the US to outstrip China is not a prediction of any economic miracle in America — just an acknowledgment that China has set itself up for a brutal demographic collapse. Shortly after China overtakes the US economy