• 07-JAN-2011

Global Financial Crisis Accelerates Shift in Economic Power to Emerging Economies

PricewaterhouseCoopers logo in an office, New York
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.