2015: The World Is Defecting East
by LEAP/Europe 2020, Leap2020.eu
Two important facts emerge from the past four weeks’ news. First, China is becoming the world’s largest economic power, officially overtaking the US, based on GDP measured in purchasing power terms (IMF figures) of $17.61 trillion (compared to $17.4 trillion for the US). If the official media hasn’t raised the slightest eyebrow to this information, our team believes that it’s an historic event: the US is no longer the world’s largest economic power and, inevitably, that changes everything ! (1)
Source: http://econintersect.com/b2evolution/blog2.php/2014/10/20/2015-the-world-is-defecting-east
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