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B. G., Opalesque Geneva: Goldman Sachs' economists expect EM (emerging market) growth to continue to outstrip DM (developed market) over the remainder of this decade (3.8% vs. 1.8%), after setting out long-term growth projections for the global economy, covering 104 countries to the year 2075.
In 2050, the bank's economists project that the world's five largest economies (measured in US$) will be China, the US, India, Indonesia, and Germany. By 2075, China, the US, and India are likely to remain the three largest economies and, with the right policies and institutions, seven of the world's top ten economies are projected to be EMs.
The stock market capitalisation of EMs should eclipse that of the U.S. and other DMs in less than a decade.
Findings
- Emerging markets' share of the global equity market is expected to rise from around 27% currently to about 35% in 2030 , 47% in 2050, and 55% in 2075. India is expected to have the largest increase in global market cap share - from a little under 3% in 2022 to around 8% in 2050 and 12% in 2075 - reflecting a favorable demographic outlook and rapid GDP per capita growth.
- China's share ...................... To view our full article Click here
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