Lahore (Web Desk): Pakistan’s economy would surpass Canadian, Malaysia and Italy by 2050, claims a report issued by PricewaterhouseCoopers (PwC).
PwC has released its predictions for the most powerful economies in the world by 2030.
The report, titled "The long view: how will the global economic order change by 2050?" ranked 32 countries by their projected global gross domestic product by purchasing power parity.
PwC's findings show some of the same countries right near the top of the list in 13 years, they also have numerous economies slipping or rising massively by 2030.
PPP is used by macroeconomists to determine the economic productivity and standards of living among countries across a certain time period.
Global economic growth will be driven by emerging market economies, which will gradually increase their share of world GDP over time.
PricewaterhouseCoopers (doing business as PwC) is a multinational professional services network headquartered in London, United Kingdom.
It is the second largest professional services firm in the world, and is one of the big four auditors. Vault Accounting 50 has ranked PwC as the most prestigious accounting firm in the world for seven consecutive years, as well as the top firm to work for in North America for three consecutive years.
