Emerging Markets To Rule in 2050

 

Emerging Markets To Rule in 2050

By 2050, economies like Indonesia, Brazil, and Mexico are likely to be bigger than those of the United Kingdom and France.

• The seven largest emerging market countries could grow, on average, around two times as fast as advanced G7 economies.
• Six of the seven largest economies in the world are projected to be emerging economies. In 2050, the global economy will be led by China, with India in second place, followed by Indonesia in fourth place.
• The United States is projected to be the world’s third-largest economy in 2050, based on gross domestic product (GDP).
• The European Union’s share of world GDP could fall below 10% by 2050.
• The U.K. could drop to tenth place, with France potentially cut from the top 10, and Italy falling from the top 20. They are projected to be overtaken by countries with faster-growing economies like Mexico, Turkey, and Vietnam (respectively).