Have we entered a ‘new normal’ economic order or do you believe the world economy will return to something similar to what we recognised before the global financial crisis?
What is clear is that normal now is not what it was before the global financial crisis. There are a number of factors. One of them is that, in the mid-1990s, emerging markets accounted for 42% of world GDP in purchasing power parity terms and advanced economies for 58%. By 2014, those figures had flipped around – 58% for emer