Emerging Markets to Lead the Next Decade

Standard Chartered Bank is forecasting average growth of 3.5 percent in global gross domestic product for the 2000-2030 period, well above the 3.0-per-cent rate in the prior 20 years, helped by an expected pick-up in global expansion over the rest of this decade.  The research expects China to lead the way on reform. This could enable its economy to deliver average growth of 7 percent between 2013 and 2020 and, with rebalancing of the structure of its economy already under way for more sustained growth, 5.3 percent for 2021 to 2030.

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