Emerging and Growth Leading Economies (EAGLES), BBVA Annual Report 2016

According to the Annual Report,

  • The Emerging World will account for almost four fifths of global growth 2015-25. . 
  • Of which, the Asia-Pacific region will account for 78.2% of the increase.
  • New entrants to the EAGLEs and Nest groups coming mainly from Asia and the Middle East.
  • Middle classes will continue to reshape the world’s income distribution.  
  • Emerging countries are to increase their share of the global middle classes from 58% in 2015 to 75% by 2025. In 2015, China alone has 350.4 million middle-class people, compared with an aggregate of 297.7 million in North America and European advanced countries and 73.5 million in Japan.
  • The educational sector will be both the motor and beneficiary of expanding middle classes, counterbalancing the effect of slower growth of labor force.
  • Fixed broadband adoption will be driven by Emerging Markets with EAGLEs catching up fast with developed nations, thanks mostly to Emerging Asia.
  • Media Sentiment Digital Index for the EAGLEs countries has improved significantly since late 2015, converging to G7 levels with China, India, Egypt and Turkey leading the group.
  • Geopolitical risks, cyber-attacks and macroeconomic vulnerabilities are likely to remain the main risks in coming years.
  • Asymmetric impact of the oil price decline is likely to impact upon current account balances of EAGLEs and Nest countries. 

Download BBVA-EAGLEs-2016

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