Online Press Briefing/Rapid growth markets well-placed to weather economic storm–get the Africa perspective
Michael Lalor, Ernst & Young Africa Business Center™ Leader will hold an online press conference on Monday, 24 October 2011 at 10:00 GMT (Time Converter).
- Rapid growth markets (RGMs) to grow by 6.2% this year and by 5.9% in 2012 compared with 1.6% for the Eurozone this year falling to 1.1% next year.
- Forecast of 25 Rapid Growth Markets which are becoming increasingly important in terms of both their overall weight in the world economy and their global influence .
The dynamics of the global economy have changed with a new set of fast-growing markets challenging the position of the established advanced economies. The rapid growth markets are expected to grow collectively by 6.2% this year, almost four times more than the anemic growth expected in the Eurozone according to Ernst & Young’s new quarterly Rapid Growth Markets Forecast (RGMF) released today.
The RGMs have grown on average by 5.8% per year over the last decade, more than three times as fast as the advanced economies combined and this rapid pace of expansion is set to continue with growth in RGMs outpacing the advanced economies by more than 3.5% per annum over the next decade. This is presuming they deal with inflationary pressures and have sufficient infrastructure in place to secure long term growth.
This new quarterly economic forecast is well placed to offer insight on macroeconomic trends across 25 RGMs which have been selected based on the size of the economy and population, strategic importance for business and proven strong growth and future potential.
WHO: Michael Lalor, Head of the Africa Business Center, Ernst & Young
WHEN: Monday, 24 October 2011 – 10:00 GMT (Time Converter)
Languages: English
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HOW TO JOIN: Simply click on this link to register: http://www.apo-opa.org/en/application?vc=EY
About Ernst & Young
Ernst & Young (www.ey.com/za) is a global leader in assurance, tax, transaction and advisory services. Worldwide, our 152,000 people are united by our shared values and an unwavering commitment to quality. We make a difference by helping our people, our clients and our wider communities achieve their potential.
Ernst & Young refers to the global organisation of member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. This news release has been issued by EYGM Limited, a member of the global Ernst & Young organisation that also does not provide any services to clients.
Following on from Ernst & Young’s successful integration in 2008 of 87 countries into one area from across Europe, Middle East, India and Africa (EMEIA), the firm has launched its Africa Business Center™ (ABC), which aims to enhance the effective and efficient links between its geographic reach and areas of expertise. The firm enjoys representation in 31 countries across Africa.
Web: www.ey.com/za
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