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Global Financial Crisis Accelerates Shift in Economic Power to Emerging Economies

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07-Jan-2011
The global financial crisis has accelerated the shift in economic power to emerging economies, says a report published by PwC.This is one of the conclusions from the latest in the series of PwC's 'The World in 2050' reports. Measuring GDP at purchasing power parities (PPPs) - which corrects for the fact that price levels tend to be lower in emerging economies - the analysis shows that the E7 emerging economies are likely to overtake the G7 economies before 2020.
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