Emerging markets will account for more than half of global GDP within the next decade. Headlining this, India is on course to become the world’s third largest economy by 2030. And EMs with rapid population growth, healthy manufacturing sectors or those that stand to benefit from a greening of the global economy will also jump up the GDP league table. The sting in the tail is that, at an aggregate level, income convergence with DMs will be slower than it has been in the past couple of decades.
In view of the wider interest, this Long-Run Update is being made available to clients of our India and Emerging Markets Overview services.
Become a member to read more
This is premium content that requires an active Capital Economics subscription to view.
Already a member?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services