IMF Predicts China's Economy to Overtake US in 2016

China's economy will exceed the United States' in 2016, predicts the International Monetary Fund (IMF).


Basing its forecast on "purchasing power parities," the IMF says China's GDP will rise from $11.2 trillion in 2011 to $19 trillion in 2016, while the US' economy will increase from $15.2 trillion to $18.8 trillion.


Correspondingly, China's share of the global economy will increase from 14 percent to 18 percent, while the US' share will drop to 17.7 percent.




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