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

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

August 1, 2019 14:20 JST

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.