Emerging markets are gaining traction
July 22, 2014
Over the past five years emerging markets have maintained their “growth dynamic,” observes John Manners-Bell, CEO, of the London-based think tank Transport Intelligence (Ti). At the same time, however, none of the upstarts have remained immune from profound economic and political upheavals. Furthermore, the euro zone crisis and political gridlock in the U.S. make it more difficult for aspirational nations to realize their destinies.
“Yet it is extraordinary that emerging markets have continued to grow so robustly,” notes Manners-Bell.
Indeed, Ti is forecasting expansion at 6% in the next 5 years – far out-stripping progress in the developed world. It is for this reason, say Ti analysts, that emerging markets remain so relevant to the global economy…and more specifically to the global logistics industry.
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