Brazil, Russia, India and China in 2050

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Dominic Wilson and Roopa Purushothaman of Goldman Sachs dream about where the economies of the BRICS (Brazil, Russia, India, China) will be in 2050. Some projections:

  • In less than 40 years, the BRICs economies together could be larger than the G6 in US$ terms. By 2025 they could account for over half the size of the G6 - they are currently worth less than 15%. Of the current G6, only the US and Japan may be among the six largest economies in US$ terms in 2050.
  • The largest economies in the world (by GDP) may no longer be the richest (by income per capita), making strategic choices for firms more complex.
  • As today’s advanced economies become a shrinking part of the world economy, the accompanying shifts in spending could provide significant opportunities for global companies. Being invested in and involved in the right markets—particularly the right emerging markets—may become an increasingly important strategic choice.

(Ht to ASI.)

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