The next 25 years will see the emerging markets overtaking the developed economies in the domestic banking sector, according to PwC’s report
‘Banking in 2050’.
The report from the Big 4 firm foresees the world’s seven largest emerging markets (E7) overtaking the current seven largest developed markets (G7) in 20 years’ time.
This has largely been attributed to the economic downturn, which led to an acceleration of growth overseas, as investors looked to emerging markets to boost their profits.
From 2023 to 2045, emerging markets China, India, Russia and Brazil, are expected to overtake the domestic banking assets of the US, Japan, Italy and the UK respectively.
With so much international demand for talented professionals in the
banking sector, there are many opportunities for you to advance your career in overseas locations.
GAAPweb has a
dedicated overseas section, to help you make the most informed choice about relocation.
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