According to a CITI Financial Services Group report summarized in REDIFF and reproduced below, China should overtake the US to become the largest economy in the world by 2020, then be overtaken by India by 2050.

Following will be the 10 largest economies in the world in 2050:
1. India: $85.97 trillion
2. China: $80.02 trillion
3. United States: $39.07 trillion
4. Indonesia: $13.93 trillion
5. Brazil: $11.58 trillion
6. Nigeria: $9.51 trillion
7. Russia: $7.77 trillion
8. Mexico: $6.57 trillion
9. Japan: $6.48 trillion
10. Egypt: $6.02 trillion.

Thus, not a single European nation (other than Russia) will qualify to be among the first 10.

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