>THE GLOBAL ECONOMY OF TOMORROW: BETTER, STRONGER, FASTER

HIGHLIGHTS
• The ‘myopia of the mature economies’ has set in – surely the global economy must see slower growth since the epicenter of the global economy as it is currently constituted will slow as mature, advanced markets age?

• But this change will coincide with the ongoing coming of age in emerging markets.

• Two decades ago, emerging markets accounted for only onethird of the global economy.

• Because of their rapid rate of economic growth and an interdependent virtuous cycle, emerging markets are likely to constitute two-thirds of the global economy within two decades.

• This is likely to cause the global economy to actually speed up during this time, not slow down.

• But transitions of this ilk are rarely seamless, so be prepared for EMs to increasingly test their
economic muscle, for EM policymakers to test the boundaries of orthodox economic management, and for more mistakes like the Dubai debt standstill to happen along the way.

To read the full report: GLOBAL ECONOMY