HSBC report projects Malaysia as a top-30 economy 40 years from now, but there are ifs and buts.
FORGET the Mayan prophecy that doomsday will occur on Dec 21 next year. Which would you rather pin your hopes on an ancient calendar of a collapsed civilisation or a recent 46-page economic report by an international bank? HSBC Bank plc issued the report, The World in 2050: Quantifying the Shift in the Global Economy, on Jan 4, and it's relevant to us here because Karen Ward, the bank's senior global economist and lead author of the report, seems pretty optimistic that Malaysia will fare well over the next four decades.