The Standard Chartered Bank estimates that by 2030, 7 of the world’s top 10 largest economies will be located in emerging markets.
London’s Standard Chartered multinational bank predicts that the emerging markets of today will become the powerhouses of tomorrow as early as 2030. According to the bank, nations like China, India, Indonesia, Turkey and Brazil will make great leaps in the coming years. In a comparison to data from the IMF from 2017, seven countries will mark an unprecedented growth. The most notable of these can be attributed to Egypt, whose GDP is expected to go from $1.2 trillion to $8.2 trillion by 2030, increasing by an incredible 583%. India is expected to surpass the United States for the second place with an increase of 387%. While countries like Indonesia and Turkey will follow closely behind with a growth rate of 216% and 314% respectively.
Banks and international organizations will monitor these emerging markets with more attention in the coming years as they could also prove of interest for investors abroad.