Beyond BRICS: 25 Economies Are Identified as Rapid Growth Markets

by CFO Innovation Staff, 31 October 2011

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topics:
Budgeting and Planning Management

tags:
economic activity Ernst & Young GDP growth rapid growth markets

Ernst & Young has released a new quarterly Rapid Growth Markets Forecast (RGMF) that focuses on economies that include the BRICS (Brazil, Russia, India, China and South Africa) and other rapid growth markets (RGMs) that the accounting firm judges to be becoming increasingly important in terms of both their overall weight in the world economy and their global influence.

According to the report, the 25 RGMs are to grow by 6.2% this year and by 5.9% in 2012. The seven RGMs from Asia set to grow by 7.3% this year and by 7.2% in 2012.

“While the advanced economies struggle with weak growth the RGMs are well-placed to weather the economic storm," Lou Pagnutti, Area Managing Partner, Asia Pacific at Ernst & Young, explains. Ernst & Young is partnering with Oxford Analytics in making the forecasts.

The 25 RGMs are:

Argentina
Brazil
Chile
China and Hong Kong
Colombia

Czech Republic
Egypt
Ghana
India
Indonesia

Kazakhstan
Korea
Malaysia
Mexico
Nigeria

Poland
Qatar
Russia
Saudi Arabia
South Africa

Thailand
Turkey
United Arab Emirates
Ukraine
Vietnam

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