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Follow Business Insider: The lineup of global economic powerhouses is going to see some changes by 2050. China is expected to surpass the US in terms of nominal GDP by 2026 â aka in 11 years, according to The Economist Intelligence Unit. India, the strongest emerging market, is expected jump to third place, with real growth averaging around 5% by 2050. Plus, Indonesia and Mexico will vault up into the top 10.
He also notes that the Chinese yuan, the yen and the euro each have a greater share of that total. To the degree that China succeeds in increasing its market share of the world's currency market, the United States is the loser, Bove said.