GLOBAL: Emerging banks race to outstrip G7

June 2011
Engineer (Online Edition);6/6/2011, p10
The article offers information on the forecasts from PricewaterhouseCoopers LLP (PwC) regarding the condition of the emerging banks to outstrip those of the largest developed economies in the next quarter of the century. According to PwC, the gross domestic product (GDP) of the E7 will accelerate more than 60%. In addition, the research firm stresses that China needs to base its growth on its own innovations and to address its low GDP growth due to its rapidly ageing population.


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