Safe Mode: On
IMF bombshell: Age of America nears end

Commentary: China’s economy will surpass the U.S. in 2016
By Brett Arends, MarketWatch

This column has been updated to include a reaction from the IMF.

BOSTON (MarketWatch) — The International Monetary Fund has just dropped a bombshell, and nobody noticed.

For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.

IMF sees China topping U.S. in 2016
According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now. Brett Arends looks at the implications for the U.S. dollar and the Treasury market.

And it’s a lot closer than you may think.

According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now


Added: Apr-26-2011 Occurred On: Apr-26-2011
By: Tongueboy
In:
World News, Regional News
Tags: American, decline, China, rise, age of America
Views: 8770 | Comments: 37 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
You need to be registered in order to add comments! Register HERE