![]() The report projects that the world economy could double in size by 2042, growing at an annual average real rate of around 2.5% between 20. These projections are based on the latest update of a detailed long-term global growth model first developed by PwC in 2006. This is one of the key findings from the latest report from PwC economists on the theme of the World in 2050: The long view: how will the global economic order change by 2050? This presents projections of potential GDP growth up to 2050 for 32 of the largest economies in the world, which together account for around 85% of global GDP. The long-term global economic power shift away from the established advanced economies is set to continue over the period to 2050, as emerging market countries continue to boost their share of world GDP in the long run despite recent mixed performance in some of these economies.
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