The G8 group of countries is likely to see its position as the most powerful economic players reduced over the next forty years, suggests analysis by the Alliance Trust.
Research conducted by two investment trusts companies ahead of next week’s G8 summit, in Gleneagles, Scotland, suggests the G8 political powerhouse should see two of its members knocked out of the top 10 largest economies of the world by 2050 and Europe’s economic position weakened, as the G8 is currently made up of the seven most industrialised countries in the world and Russia. The economies of China, India, South Korea and Mexico are expected to be recognised as among the top 10 economies by GDP by 2050, leaving Russia and Italy out of the rankings even though they are currently membe...
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