Via Capital Economics:
The conventional view of the long-term prospects for the global economy can be summarised as: EMs good, DMs bad. Like most things, however, we suspect that the conventional view is likely to be wrong.
Last week we published our first Long Term Global Economic Outlook, which sets out forecasts for the major developed and emerging economies out to 2040. You can find it on our website here. A key message is that we don’t share the widespread pessimism over the long-term outlook for developed economies, but that we do think that the consensus view of EMs is overly optimistic.
