$Global Growth Outlook: The World’s Next Economic Power Shif
Mina_Dunham01
Updated at: 3 hours ago
{"content":"$Global Growth Outlook: The World’s Next Economic Power Shift
A quiet transformation is underway in the global economy — one that’s moving the center of gravity from the West to the East. The Great Powers Index 2024 by Ray Dalio paints a striking picture: the next decade of growth will be written by emerging markets, not traditional powerhouses.
🇮🇳 India stands at the top of this new wave. With an expected 6.3% annual growth rate, it’s outpacing every other major economy. A young population, an expanding industrial base, and ambitious infrastructure projects are fueling what many now call the Indian decade.
Trailing close are the UAE and Indonesia, both expected to grow around 5.5% as they diversify beyond oil and embrace digital and renewable industries. Saudi Arabia and Turkey, too, are carving out new growth stories above 4%, powered by modernization efforts and youthful demographics.
The contrast with developed nations is stark. The United States, despite its immense economic weight, is projected to slow to 1.4% annual growth — its weakest stretch in years. Europe faces even steeper challenges: Germany and Italy could see slight contractions of -0.5%, as aging populations and sluggish productivity continue to drag.
🇨🇳 China is expected to grow at around 4%, no longer sprinting but still expanding steadily enough to maintain global influence.
📊 Projected Real Growth Over the Next Decade
🇮🇳 India — 6.3%
🇦🇪 UAE — 5.5%
🇮🇩 Indonesia — 5.5%
🇸🇦 Saudi Arabia — 4.6%
🇹🇷 Turkey — 4.0%
🇨🇳 China — 4.0%
🇺🇸 U.S. — 1.4%
🇩🇪 Germany — -0.5%
🇮🇹 Italy — -0.5%
The global map of opportunity is being redrawn. The world’s fastest growth will no longer come from established capitals but from cities still under construction — from Mumbai to Jakarta, Dubai to Riyadh.
The message is clear: the next era of prosperity belongs to those ready to look East.
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