|Shift in economic gravity from west to east: THE biggest gamechanger.|
Wednesday, 25th June 2014
Source : DBS Bank Ltd
Since Lehman Brothers collapsed five years ago, Asia has added one-and-a-quarter Germanys to the world’s economic map, in terms of GDP growth.
Even with China’s slower growth, Asia now puts a Germany on the map every 3.5 years. The time it takes to do so is shrinking every year.
Over the next 25 years, Asia will add three Eurozones to the global economy. In 2039, it will be creating a Germany every seven months.
The shift in economic gravity is the biggest structural change underway in the global economy today.
That makes it the biggest gamechanger of all.