China’s GDP will not surpass that of the U.S.

The Japan Center for Economic Research (JCER) released its 8th Medium-term Asian Economic Forecast, which projects GDP growth for 18 countries and regions in the Asia-Pacific region, from 2022 through 2035.

The forecast covers 15 major Asian countries and regions, and the U.S., Australia and Canada for comparison. It extends over a time horizon of 14 years (2022-2035), eight years longer than the IMF’s (International Monetary Fund) World Economic Outlook, which provides forecasts through 2027. Unlike the Asian Development Bank, which focuses on the current growth rate of developing countries in Asia, JCER’s Asian Outlook is a long-term, comprehensive forecast of the Asian economy.

In this report, we forecast based on Digital Potential Index of each country, factoring inflation caused by the Ukraine crisis, the spreads of interest rates hike around the world, and the “U.S.-China tech war” caused by the enclosure of advanced technologies.

This Asian Economic Forecast was reported on the Nikkei Asian Review .