Aon: emerging markets will account for half of global economy by 2025
Aon Risk Solutions’ recent seminar on international growth found that by 2025 50 percent of the global economy will be in emerging markets and 8 out of 10 global megacities.
Dr Kurt Karl, head of economic research and consultancy at Swiss Re, who spoke at the event, said that the rising prominence of emerging markets in the global economy would be a “gamechanger in the way the world economy is shaped”.
He highlighted a growing Chinese middle class and developing global energy consumption and infrastructure investment practices as issues the industry will need to watch more closely.
Commenting on the changing face of the global economy, Alan Reid, managing director, global clients of Aon Risk Solutions said: “Against the ongoing instability of the global economic market, it is critical that senior executives understand the ever-changing global landscape and how the future of the international business landscape could look. This will help to mitigate risk in the future and this event empowers firms' resilience for the long term.”