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HSBC Private Banking Research states that the world economy will be controlled by 3 countries by 2030. Interestingly, 2 countries are from the Asian Continent.

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Managing Director Strategic Market Chief, Asia HSBC Private Banking, Fan Cheuk Wan explained, in 2030, India will become the third economic power in the world. While the first position will be controlled by China.

That way, developing countries or emerging markets in Asia will contribute 55 percent of world economic growth and 35 percent of world GDP. Therefore, he explained, the strength of Asian consumers will have a big impact on the global market.

“Asia’s … Read More