mo4ch:>Sanctions? Russian economy to overtake Germany’s by 2020 – report | Mo4ch News

Despite years of Western sanctions, Russia will become the world’s fifth-largest economy as early as next year, surpassing Germany and the UK, multinational bank Standard Chartered said in its long-term growth forecasts.In a report outlining projections about the world economy up until 2030, the bank said that China is likely to unseat the US to become the world’s biggest economy at some point in the next year, when measured by a combination of purchasing-power-parity (PPP) exchange rates and nominal gross domestic product. It will be joined by the US, India, Japan, and Russia in the top five.Also on rt.comRussia’s economy expands despite sanctions – World BankThe top 10 countries will also include Germany, Indonesia, Brazil, Turkey, and the UK.“By 2020, a majority of the world population will be classified as middle class. Asia will lead the increase in middle-class populations even as middle classes stagnate in the West,” said Standard Chartered researcher Madhur Jha.The report pred…