China Now World’s Largest Economy

1 Timothy 6:9,10 But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition. For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.

For the first time since Ulysses S. Grant was president, the United States is no longer the largest economy in the world.

The United States slipped to number 2 in the latest numbers released by the International Monetary Fund on the world economic situation.  The U.S. fell to $17.4 trillion in “real economic output” while China climbed to $17.6 trillion.

The report says that China accounts for 16.5% of the world economy while the U.S. now accounts for 16.3%.

The report is causing massive geopolitical ripples.  The decline of a country in terms of economic dominance is usually closely followed by a decline of power and importance on the world stage.

The decline of U.S. economic power could mean the days of the U.S. being a superpower are ending.

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