Emerging markets: judging by GDP
06 August 2015
The Financial Times recently highlighted a disparity between the classifications of emerging markets and the state of their economies due to a plethora of GDP data. As China’s GDP per capita income is lower than that of Spain, it continues to be misleadingly categorised as an emerging market, despite having the largest economy in the world, a literacy rate of 96% and more high speed rail tracks than any other nation. This has drawn me to look at the recent GDP figures released by the OECD, and what they might mean for some of our member firms around the world.