Relying on emerged economies for growth

Headwinds in the most unexpected places

In the 1980s and 1990s, China and other emerging markets contributed a relatively small amount to global economic growth. That has changed.

In recent years, global real economic growth has become increasingly dependent on the emerging and developing economies. Their importance grew in the 2000s before the Global Financial Crisis, during which emerging markets prevented the global economy entering recession. Seven key themes in emerging markets This year, China is expected to contribute a full one percentage point of the world's 3% expected growth and other emerging markets will add almost as much. Emerging economies have, in many cases, truly emerged. Certainly, in the more prosperous regions of such economies, livi...