IMF-World Bank Meeting, A Positive Occasion
A 2016 International Monetary Fund (IMF) study ranked Indonesia as the 8th economic power in the world with a total gross domestic product (GDP) of US$3.028 billion.
World Bank president Jim Yong Kim talks to U.S. Secretary of the Treasury Steven Mnuchin as International Monetary Fund (IMF) Managing Director Christine Lagarde walks behind them after the official photo at the G20 Meeting of Finance Ministers in Buenos Aires, Argentina, July 21, 2018.
A 2016 International Monetary Fund (IMF) study ranked Indonesia as the 8th economic power in the world with a total gross domestic product (GDP) of US$3.028 billion. The study, “The Long View: How Will The Global Economic Order Change by 2050?”, which PricewaterhouseCoopers (PwC) released, said Indonesia would rank 5th in 2030 with an estimated GDP of $5.424 billion and rank 4th in 2050 with estimated GDP of $10.502 billion, based on purchasing power parity (PPP).
PwC UK chief economist John Hawksworth said that China would become the world\'s greatest economic power, followed by India, the United States and then Indonesia. Technological advancements, international trade and investment influence GDP growth. The rankings of the countries that currently dominate the world economic order will drop dramatically. Germany is projected to fall from 5th (2016) to 9th (2050), and Japan from 4th to 8th.