Very interesting chart showing growth in various countries — the chart makes it clear that the EM is where the growth is.
Fidelity expects that “over the next 20 years, EM countries will grow faster than developed markets (see chart, below), in large part due to faster labor force growth. In addition, several EMs with youthful demographics—such as the Philippines, India, and Indonesia—also have the benefit of considerable “catch-up potential” to grow productivity rates off a relatively low base.”
Noted . . .
EM countries are likely to grow faster than developed markets over the next 20 years.