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China Expected To Narrow US Economic Gap Within 5 years

More than one quarter of Americans currently perceive China as the world’s dominant economic power, according to a new survey, a reflection of the changing global order.

While the majority, or 59 percent, of Americans see the United States as the world’s dominant economic power, only 43 percent of those polled believe it will retain its title by the end of the decade, according to a poll by GfK North America with TheStreet.

By contrast, 36 percent believe China will claim the position by 2020.

“Despite the slow economic recovery of the five years since the financial crisis, most people in the United States still regard the nation as the world’s dominant economic power,” said Joe Deaux, economics analyst at TheStreet.

“However, confidence that the U.S. will retain that status five to seven years out wavers. Though respondents still see the U.S. in the future as the outright economic leader, favor for China substantially narrows the gap,” he said.

CNBC [1]

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Mingze Wu

Mingze Wu [6]

Currency Analyst at Market Pulse [7]
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu
Mingze Wu

+Mingze Wu [10]