For any economy in the world what really matters heading into 2050 is the demographics of the country's population, according to a new report released by HSBC.
Many of the world's top economic powers are now in a state of permanent decline, due to rising amounts of retirees thereby putting pressure on social security costs and lowering consumption, declining amounts of workers, and population disadvantages.
And by 2050, they'll be replaced by fast rising emerging markets primed for growth due to high working age populations. Count on our country to be on the top three economies to leverage its population growth to its advantage.
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