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Emerging Markets To Become Among World's Top 5 Economies In 2020, Euromonitor Study Predicts

May 16, 2013: 12:00 AM EST
Emerging markets will dominate the world's top 5 largest economies in 2020, according to Euromonitor International. In terms of purchasing power parity, the three biggest economies in 2020 will account for about 30 percent of global GDP compared with 23.5 percent in 2012, with the most significant shift in global power expected in 2017 when China will overtake the U.S. to become the largest economy. While growth in emerging markets will mean better standards of living and decline in poverty, the trend will also have significant impact on the global consumer market. Euromonitor expects Brazil to join China as the only emerging markets on the world's list of top 5 consumer markets in 2020.
Media Eghbal, Country Insight Managing Editor, "Forecast: World’s Largest Economies in 2020", Euromonitor International, May 16, 2013, © Euromonitor International
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