By A research paper published by Goldman Sachs said Pakistan may well be the sixth largest economy in the world by 2075 given “appropriate policies and institutions”.
The authors of “The Path to 2075,” economists Kevin Daly and Tadas Gedminas, predicted that by 2075, China, India, the US, Indonesia, and Nigeria will be the five greatest economies.
For over 20 years, Goldman Sachs has predicted the long-term growth of several nations.
For the past ten years, it has enlarged these estimates to include 70 emerging and developed economies.
The most recent document includes predictions for 104 nations until the year 2075.
Because of its projected population growth, Pakistan, along with Egypt and Nigeria, may become one of the greatest economies in the world over the next 50 years.
According to the analysis, Pakistan’s real GDP will have increased to $12.7 trillion and its GDP per person to $27,100 by that time.
These figures, however, represent less than a third of what is anticipated for China, India, and the US combined.
India’s real GDP is expected to reach $52.5 trillion in 2075, with a per-capita GDP of $31,300.
The economists see “environmental disaster” and “populist nationalism” as two major threats to their predictions.
