The accelerating shift in economic power from the developed to emerging economies is dramatically changing the banking industry across the world.
This report provides projections of the long-term trends of the banking sector based on the underlying macro-economic trends, from now until 2050 for the world’s leading economies.
The recent global financial crisis shook the world economy and set in motion significant changes to the banking industry. In this report we present updated projections on how large we expect the banking industry to become in the world’s largest economies over the next 40 years, building on our 2007 report on this same topic that was produced prior to the onset of the financial crisis, and our updated GDP projections published earlier this year
Our key findings are that: