Overview of the world's top ten emerging market economies: China's GDP is expected to be $19.37 trillion (accounting for 18.43% of the global total), possibly reaching $27.5 trillion by 2028; India has the most stable growth, with its GDP expected to reach $5.57 trillion by 2028, making it the third largest globally; Brazil, South Korea, Mexico, Indonesia, Saudi Arabia, Turkey, Taiwan, and Poland rank third to tenth respectively. These ten economies account for 31% of global GDP.
Core Highlights: - China is facing dual pressures from export challenges and a sluggish real estate sector, but after returning to normal, growth is expected to rebound from 3% to 5.2%. - India becomes the biggest highlight, with a robust fundamental outlook, where the rise of the middle class drives consumption. EY predicts that by 2047, GDP will reach $26 trillion. - Agriculture in Brazil is experiencing explosive growth, but corruption, inflation, and income inequality are constraining its potential. - South Korea has transformed from a war-torn country to a trillion-dollar economy, leading in technological innovation (Samsung, Hyundai), but is highly reliant on exports. - Emerging markets are under overall pressure: Turkey's inflation exceeds 40%, Poland is dragged down by the Ukraine war, but long-term resilience relies on.
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Overview of the world's top ten emerging market economies: China's GDP is expected to be $19.37 trillion (accounting for 18.43% of the global total), possibly reaching $27.5 trillion by 2028; India has the most stable growth, with its GDP expected to reach $5.57 trillion by 2028, making it the third largest globally; Brazil, South Korea, Mexico, Indonesia, Saudi Arabia, Turkey, Taiwan, and Poland rank third to tenth respectively. These ten economies account for 31% of global GDP.
Core Highlights:
- China is facing dual pressures from export challenges and a sluggish real estate sector, but after returning to normal, growth is expected to rebound from 3% to 5.2%.
- India becomes the biggest highlight, with a robust fundamental outlook, where the rise of the middle class drives consumption. EY predicts that by 2047, GDP will reach $26 trillion.
- Agriculture in Brazil is experiencing explosive growth, but corruption, inflation, and income inequality are constraining its potential.
- South Korea has transformed from a war-torn country to a trillion-dollar economy, leading in technological innovation (Samsung, Hyundai), but is highly reliant on exports.
- Emerging markets are under overall pressure: Turkey's inflation exceeds 40%, Poland is dragged down by the Ukraine war, but long-term resilience relies on.