By Alison Brickell Today’s chart imagines the world economy 11 years from now. And emerging markets (EMs) are the stars of the show.
A recent forecast from Standard Chartered, a multinational bank based in London, shows that several developing economies are on track to become the world’s largest economies by 2030. China and India lead the pack in the 2030 forecast with projected GDPs of $64.2 trillion and $46.3 trillion, respectively. The U.S. holds the third spot, followed by Indonesia ($10.1 trillion) Turkey ($9.1 trillion) and Brazil ($8.6 trillion).
This is a giant flashing neon sign that investors should get into EMs if they haven’t …read more
