NEW YORK (TheStreet) -- While China surpassed Japan in 2010 to attain the status of the world's second largest economy, Americans don't expect the country to overtake the United States as the dominant economic power in the near future.
About 43% of respondents said the United States five to seven years from now will retain its position as the strongest economy, while 36% said China would claim the position, according to a survey of Americans by TheStreet conducted by GfK North America. Respondents noted other entities that could become the biggest economic power, including India (3.4%), Russia (2.2%), the eurozone (1.9%) and South America (1.6%).
In addition to forecasting future economic developments, a majority of respondents, some 59%, said they believe the United States remains the world's dominant economic player. Just 28% said China currently holds that title.The survey comes as the United States in September remembered the five-year anniversary of the Lehman Brothers bankruptcy and subsequent financial crisis, which triggered the country's deepest economic depression since the Great Depression. Further, the poll surfaces as China's economy grew by 7.8% in the most recent quarter -- stronger than economists had predicted -- which contrasts the continued sluggish growth of the U.S. economy. -- Written by Joe Deaux in New York. >Contact by Email. Follow @JoeDeaux
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV