By Daniel Hunter
The large emerging market economies are set to provide the lion’s share of GDP growth in the near term, partly as a result of policy easing feeding through, according to the latest HSBC Global Connections Report. They will drive a rebound in world trade, with the economies of Asia (excluding Japan) proving particularly dynamic.
Export growth will be strongest from India, Vietnam and China, which are all expected to post double-digit annual growth throughout the period 2013-20. Trade between emerging markets (so-called ‘south-south’ trade) will increase in importance as these economies grow wealthier, entailing a shift towards higher domestic demand.
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