20 year prospects

Global economic growth will slow over the next twenty years even as a productivity revival in many mature markets helps to offset a steady decline in population growth. Emerging markets will continue to grow faster than their more established counterparts and by 2037 will account for around 2/3 of the global economy. However, the era of substantial emerging market outperformance has ended. A key reason for this is the coming slowdown in China. And, even though there are some economies, such as India, that will regularly achieve rapid growth rates, they won’t be large enough to pick up all of the slack.