'Two-thirds' of growth will come from EMs over next five years

ON EMERGING MARKETS

For the first time ever EMs are a more important force than developed markets, says Neptune's Ewan Thompson.

2010 has seen a steady outperformance of emerging markets relative to developed markets, despite continued concerns over the health of the global economy. This incremental market decoupling goes hand in hand with the significant economic decoupling we have witnessed since 2008: emerging economies, led by China and India, have seen incredibly robust growth rates while developed economies are struggling with stubbornly high unemployment and low credit growth. Indeed, Neptune’s economic research forecasts that over the next five years, two-thirds of incremental global growth will come fr...