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Rapid-growth markets: fast-tracking to importance - EY - Global

EY - Rapid-growth markets: fast-tracking to importance

By 2020, we expect advanced economies to be exporting more than an estimated US$17.6 trillion of goods to rapid-growth markets, up from US$9.3 trillion today.

The dynamics of the global economy have changed with a new set of fast growing markets challenging the position of the established advanced economies.

25 rapid-growth markets
EY - Rapid growth chart

25 rapid-growth markets

EY - Rapid growth chart

We have selected 25 of these rapid-growth markets which are becoming more important in terms of both their overall weight in the world economy, their global influence and the business opportunities they offer to large corporations.

In this report we explore this trend across the following topics:

Predicting the expansion of RGM

Taken together, rapid-growth markets have grown on average by 5.8% a year over the last decade, over three times as fast as the advanced economies. This rapid pace of expansion is set to continue with growth in rapid-growth markets outpacing the advanced economies by over 3.5% points over the 10 years to 2020.

By 2020, we expect advanced economies to be exporting more than an estimated US$17.6 trillion of goods to rapid-growth markets, up from US$9.3 trillion today, accounting for an estimated 33% of all exports from advanced economies.

While the overall outlook for the rapid-growth markets is positive, one thing is certain: their progress will not be smooth.

The rapid-growth markets have to address a number of challenges. These include:

  • Avoiding inflationary pressures arising from overheating
  • Managing the impact of capital inflows on the competitiveness of their manufacturing industries
  • Ensuring that their infrastructure (physical and human) is sufficient to support their long-term growth potential

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