The Ernst & Young Emerging Markets Center (EMC) is our newly formed ‘Center of Excellence’, aiming at quickly and effectively connecting you to the world’s fastest growing economies. Our leading position within emerging markets (EM), and the dominant trends in the global marketplace render this unique Center a valuable asset for our clients who will benefit from Ernst & Young’s experience in these markets.
Remaining leading innovators, we aim to share our breadth of knowledge with clients as well as to expand our activities in and connectivity with these markets. With the resources and insights available in the Center, we are better equipped to offer our clients, in both EM and Mature Markets (MM), an even more in-depth, cross-border approach, leveraged by our unique and globally integrated structure.
The Emerging Markets Center will provide exceptional service to those of you in the:
- MM as you explore opportunities in EM, by increasing the speed of access to our best teams and most relevant insights.
- EM as you explore other opportunities, by ensuring your specific needs are addressed, and by increasing the speed of access to our best people and most relevant insights.
The Center is co-led by Alexis Karklins-Marchay, Partner and Alexei Kredisov, Partner with a deep understanding and professional background from both mature and emerging markets.
The Emerging Markets Center is comprised of a dedicated team of experienced professionals, primarily based in London and Dubai, who act as a gate to Ernst & Young’s vast resources across the globe. The Center is also closely connected with our regional offices in Africa, Brazil, Central and South Europe, China, CIS, India and the Middle East, and along with our unique global structure can quickly facilitate identifying the right contacts to help you and your business tackle challenges and identify opportunities.
The Center and the portal also constitute an excellent source of information and insights for the media. Here you can find up to date information, regular reports, analyses and dynamic tools reflecting the prevailing trends in EM.
About the Ernst & Young Rapid Growth Markets (RGM) Forecast
The dynamics of the global economy have changed with a new set of fast-growing markets challenging the position of the established advanced economies.
Taken together, Rapid Growth Markets (RGM) have grown on average by 5.4% a year over the last decade, more than three times as fast as the advanced economies, and this fast pace of growth is set to continue, with growth in RGM outpacing the advanced economies by nearly 3.5% over the 10 years to 2020.
Also, RGM will account for 50% of global GDP by 2020, when measured at purchasing power parity. They will also account for 38% of world consumer spending and 55% of world fixed capital investment.
Taking these into account, Ernst & Young is producing the quarterly Ernst & Young Rapid-Growth Markets (RGM) Forecast, a macroeconomic forecast in collaboration with Oxford Economics using Oxford Economics’ Global Econometric Model. It aims to fulfil the need for practical and accessible economic forecasts and insights; it provides commentary for businesses and gives recommendations for decision-makers.
For the report, we have selected the top 25 of RGM based on their (i) proven strong growth and future potential, (ii) size of economy and population (iii) strategic importance for business. A separate national forecast and associated commentary is included for all 25 countries, listed below.
|Czech Republic||Greater China (including Hong Kong)||Argentina|
The main forecast as well as the country pages include outlook on: trade, competitiveness, interest rates and exchange rates, commodity prices, world price of manufactured goods and FDI inflows. The report also provides commentary on the implications of the forecast for business.