Emerging Markets 27%
Americas 19%
Developing Markets 14%%
Greater Asian 23%
Africa 4%
The Middle East 4%
Oceania 3%
Russia 4%
This is where most of the GDP, human capital and material wealth will be generated by 2025.
European countries will have to rely on immigration to grow because of the low fertility rate. Nationalism will die out with inflation and high interest rates that will stagnate the economies unless immigration is implemented for a quick fix. Consumer consumption will be low unless labor cost and the Euro falls to meet global competitiveness to other worldwide global products. GDP will be low, staying in the 1-3% range.
Emerging Market growth will be 6-8%
North America is getting away from immigration policies too, but again this will be short lived and 2019 will see a resignation or impeachment of a president and globalization will continue as usual.
Growth rates for North Americ will be 1-4%.
South America will be steady but look for population declines in Brazil. South America 2-5% growth.
Developing Markets are in between Emerging Market and Greater Asian Markets. Look for a 3-7% growth rate.
Africa, South Asia, Middle East will be where future manufacturing will be done for sources on cheap labor, growth rates in these countries will be 5-8%.
Russia and Oceana will grapple with labor shortages, again, immigration will be the quick fix until fertility rates become more stable or increased. Look for a 2-5% increase.
No comments:
Post a Comment