Pakistan is set to become the world’s 23rd biggest economy by 2040 based on its predicted gross domestic product (GDP) rank which currently sits at 39th position, according to a United States intelligence report. The assessment was included in this year’s Global Trends report by US National Intelligence Council (NIC). The NIC is issued every four years.
The NIC is designed to help policymakers and citizens anticipate the economic, environmental, technological and demographic forces that are likely to shape the world through the next 20 years.
It said that some of the most populous countries in Asia are positioned to be among the world’s largest economies by 2040, even as their per capita incomes lag behind that of advanced economies.
Source: Express Tribune