By 2030, Turkey is expected to rank as 5th largest economy in the world

By 2030, Turkey is expected to rank as 5th largest economy in the world
Posted on: 11 Jan 2019

Turks can now look forward to the future with hope; Standard Chartered, an esteemed British financial institution, has announced the countries expected to have the largest economies in 2030.

The company estimates that by 2030, seven of the world's top 10 economies will be what we call “emerging markets” today and Turkey is expected to rank fifth among those countries.

According to the report shared by the financial institution the Chinese economy will take first place in 2030 followed by India.

Turkey 5th place in the ranking of the largest economies in the world is rising, while the US will fall to third place. When we think about it for a moment it should not probably be much of a surprise for the USA because the “giant” we call China is coming very rapidly and strong and the authorities in the States have been aware of this unavoidable rise by China.

The good part for Turkey, on the other hand, is that despite so many issues it had to cope with in recent years and even decades, this country has been truly struggling to take its place among largest economies in the world and it would be a big prize to be ranking fifth among so many giant economies in the world.

Regarding the report issued, the company noted that while evaluating results gross domestic product figures of concerned countries had been taken into account. According to the report Brazil, Egypt and Russia will rank under Turkey. The report also says Japan and Germany will rank 9th and 10th on the list. Surprisingly countries such as the UK, Italy, France and Canada are not expected to find a place in the top-ten list.

 

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