As part of the positive outlook for Egypt’s economy, a report by Standard Chartered Bank ranked the Egyptian economy seventh on the list of the world top ten economies by 2030. China will be the world’s largest economy by 2020, according to PPP and the nominal GDP, the report said, expecting the Chinese economy to decline by 5 percent by 2030, with its economy in 2030 reaching about $64.2 trillion, followed by India’s with $46.3 trillion. The report estimated India’s economy to grow by 7.8 percent in the 2020s, occupying the second largest economy in the world in 2030. The Turkish economy ranked fifth with a size of $9.1 trillion, followed by Brazil’s with $8.6 trillion. According to the report, Egypt’s economy ranked seventh, with a size of $8.2 trillion, followed by the Russian economy with $7.9 trillion, then Japan’s with $7.2 trillion.

Source: Egypt Independent January 10, 2019 09:45 UTC