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economic forecast

PWC forecasts Pakistan economy to surpass Canada by 2050

The emerging economy of Pakistan could surpass the Canadian economy by 2050, according to an economic forecast by management consultancy PricewaterhouseCoopers (PWC). A report of the PWC says, “By 2050, emerging economies Mexico and Indonesia are likely to be larger than the UK and France, while Pakistan and Egypt could overtake Italy and Canada,”. The findings — based on gross domestic product purchasing power parity (PPP) terms — also forecasts China and India will overtake the United States as the world’s first and…