They are big. They have young and growing populations. They have invested in infrastructure and education. And they are growing at the sort of rates that make them the envy of the recession-hobbled west.
No, these are not the famed Brics –
………….. Back in 2006, PwC made some long-term forecasts about what the global economy might look like in 2050, and it has now updated the predictions in the light of the financial crisis and its aftermath. By 2050, Hawksworth expects Turkey’s economy to be bigger than Italy’s, and one of the largest in Europe. Indonesia and Mexico will have outstripped Germany and the UK.