fed speech, 2006-08-26
In summary, over the period 1950-2030, the share of global GDP (measured in purchasing power (PPP) terms) produced by the United States, Europe and the countries Maddison calls 'other Western offshoots', Canada, Australia, and New Zealand, is expected to decline from 70 percent to 38 percent, and the share produced by Asia to rise from 19 to 52 percent.
Sentiment: neutral
Topic: mp_economic_activity