PREPARING FOR A NEW ECONOMIC ORDER

By 2018 China will overtake the United States in terms of gross domestic product at purchasing power parity. A new economic order will come to pass in 2020 led by China and followed by the U.S., India, Japan, Russia, Germany, Brazil, UK, France, Mexico, South Korea, Indonesia, Italy, Canada and Spain.

India will overtake Japan and become the third largest economy. Russia will overtake Germany and become the fifth largest economy and Brazil will overtake the United Kingdom and become the seventh largest economy and Mexico will overtake Italy to be the world's 10th largest economy.

• With a huge population and rising household incomes, the consumer goods and service markets in emerging economies will provide enormous opportunities for businesses.
• Opportunities in emerging consumer markets will include luxury goods as more people will be able to afford them and the middle class continue to expand.
• Younger consumers will become more important for large purchases such as cars, houses, household appliances
• Foreign investment will continue to flow into emerging countries.
• Emerging countries will also become more important foreign investors, thus enhancing their influence in the globale economy
• The rise in economic importance of emerging countries will lead to a rise in their political influence.

Ranking 2020

1. China
2. USA
3. India
4. Japan
5. Russia
6. Germany
7. Brazil
8. United Kingdom
9. France
10. Mexico
11. South Korea
12. Indonesia
13. Italy
14. Canada
15. Spain