The global economic scenario will be markedly different in 2030 from what it is now. The prime difference will be the rise in spending power of the present emerging nations. According to a study conducted by management consulting giant McKinsey, such countries will make up more than three-fifths of global consumption growth up till that period. Among 70 such countries evaluated, seven have been categorized as the overachievers. This list includes- China, Hong Kong, South Korea, Thailand, Indonesia, Malaysia and Singapore. They all averaged a real growth of 3.5% or more consistently for the past fifty years. Another eleven deserve honourable mentions to this list. These are- India, Azerbaijan, Kazakhstan, Cambodia, Belarus, Turkmenistan, Myanmar, Laos, Uzbekistan, Vietnam and Ethiopia.

Source:http://amp.timeinc.net/fortune/2018/10/17/fastest-growing-emerging-economies?__twitter_impression=true

Uploaded Date:08 November 2018