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Economy

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

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

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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