Goldman Sachs: Pakistan could be 6th largest by 2075
Goldman Sachs, the world’s largest investment banking, securities, and investment management firm, said on December 8 that Pakistan will have the world’s sixth-largest economy by 2075.
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A paper called “The Path to 2075” says that Pakistan’s real GDP would grow to USD 12.7 trillion, and the GDP per person would be USD 27,100. China, India, the United States, Indonesia, and Nigeria would be the other five countries ahead of Pakistan. The report said that the prediction is based on the fact that Pakistan’s population is growing quickly, which, if explored, would change the country’s future. But these numbers are expected to be less than a third of the size of China, India, and the U.S. India’s real GDP is expected to be USD 52.5 trillion in 2075, with USD 31,300 per person.
But the analysis also pointed out possible risks that could stop the great progress if they aren’t dealt with properly. Some of these dangers are environmental disasters and ways of developing that aren’t sustainable, which will slow down growth.