A new economic order is emerging at fast speed, according to an HSBC report, powered mainly by demographic changes that will see the population of many African countries double while the eurozone's working population declines 29%.

According an annual research report released by the bank in January, this rise will largely be driven by 26 'fast-growth' developing economies, and by 2050 the size of the developing world will have increased five-fold and will be larger than the developed world.


While China and India will be the largest and third largest economies in the world, respectively, the US and UK will still retain their places among the top 10 economies by GDP in 2050, ranking second and sixth, respectively.

A positive demographic outlook within developing countries features chiefly among HSBC’s conclusions as a factor that will strongly influence productivity.