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China was projected to have the world's largest economy by 2018 with an estimated GDP per capita equal to the US by the late 2050s.Political polarization increased as conservatives and liberals clashed over the role of government and other social, economic and environmental issues in the West.The Philippines wins the arbitration case they filed at the Permanent Court of Arbitration regarding the legality of China's nine-dotted line claim over the South China Sea under the United Nations Convention on the Law of the Sea.South Korean President Park Geun-hye is impeached by the Constitutional Court of Korea in a unanimous decision, terminating Park's presidency.Amid growing financial tensions, Italian President Giorgio Napolitano was re-elected, the first ever Italian president to be re-elected.Napolitano appointed Enrico Letta Prime Minister, at the head of a grand coalition.Political conflict sparks between the Government of Spain and Government of Catalonia over the 2017 Catalan independence referendum, which Spanish Prime Minister Mariano Rajoy opposed, arguing that any referendum on Catalan independence would be in violation of the Spanish Constitution of 1978.
The Tribunal, mainly supporters of President Nicolás Maduro, also restricted the immunity granted to the Assembly's members, who mostly belonged to the opposition.
Leaders from Russia, Ukraine, Germany and France reached an agreement on the conflict in Eastern Ukraine that included a ceasefire and withdrawal of heavy weapons.
However, the truce has largely failed to stop the fighting, with skirmishes continuing unabated.
In a referendum held in the United Kingdom on whether or not to continue being a member of the European Union, 52% of voters chose to leave it.
Prime Minister David Cameron announced his resignation shortly afterwards.