US and China to fight for top GDP in 2060 while Japan dips to 5th

Report claims digital tech and free flow of data keys to future global economy

20190730 USA-TRADE/CHINA

China and the U.S. will continue to lead the world in GDP, but mounting protectionist sentiment is threatening to split the world into rival economic blocs. © Reuters

SUMIO SARUYAMA and KENGO TAHARA, JCER Long-Term Economic Forecast Team

TOKYO -- Digital technology holds the key to business as demonstrated by U.S. and Chinese information technology companies currently monopolizing the world rankings of market capitalization.

The U.S. -- leader of the digital economy -- is sharpening its "America First" stance and taking a more adversarial stand against China, with the two likely remaining engaged in a fierce economic rivalry through 2060, according to a report by the Japan Center for Economic Research.

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