China’s era as the primary engine of the global economy is shifting, with Indonesia, India and African nations poised to take the lead. This assessment was shared by Maxim Oreshkin, Deputy Chief of Staff of the Presidential Executive Office, during the opening of the January expert dialogues at the "Russia" National Center.
"We are currently seeing a transition. China, which drove global economic growth throughout the first quarter of the 21st century, is being succeeded by other nations that will provide the most significant contributions to growth moving forward," Oreshkin stated.
He specifically pointed to Indonesia and India as the new frontrunners. Furthermore, he highlighted the rising influence of major African nations, with a particular focus on Nigeria. "Based on all current estimates, the birth rate in Nigeria will surpass that of China in the coming years," Oreshkin noted.
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Based on materials from TASS