LONDON - The Indonesian economy in 2030 is predicted to be in the rows of the top 10 of total global economic power. In a recent report "The Super-Cycle Report" released by Standard Chartered Bank (Stanchart), stated that Indonesia can even pass through Japan.In Indonesia the next two decades will be under German, French, Russian, and English who are in sixth to ninth.
Nevertheless, in Indonesia the next decade is expected to beat four countries. At that time, Indonesia will be in fifth place in the world with gross domestic product USD9, 3 trillion, while Japan's GDP in sixth with $ 8, 4 trillion.
According to the Chief Economist and Group Head of Global Research Gerard Lyons of Standard Chartered, the report "Super-Cycle" shows the concept that there will be potential upside in terms of global growth.
"The fact that developing countries will be the main driver of the economy because the growth of trade, industry and the rapid rise in the number of middle class," Lyons said, quoted by the Straits Times on Thursday (11/18/2010).
He also mentioned that western countries have the ability to benefit from global economic change. In the latest report, Stanchart said the Indian economy will reach 8.8 percent in 2012 and China is forecast to pass just grew eight percent.
Only, in the next two decades China will probably overtake the United States (U.S.) as the largest economy in the world with a total gross domestic product (GDP), USD73 billion and India $ 30 trillion. While total world GDP by Stanchart will reach USD308 billion by 2030.
The report also shows that Asia as a major driver of global growth over the next two decades. China's economy will grow twice that of the United States in 2030 and accounted for 24 percent of global GDP. Previously, Goldman Sachs Group Inc. also estimated that China will overtake the U.S. in 2020.
The report said the world currently in a period of continuous high-or "super cycle", since 2000.
Assessed the global economy has more than doubled between 2000 to 2010 and is expected to grow more than USD300 billion in 2030, from the current USD62 trillion.