Growth Opportunities for Financial Services in Emerging Markets
Emerging markets around the world offer considerable opportunities for banks, insurance companies, and fund managers to increase their global market share. According to International Monetary Fund estimates, the economies of such countries “… are expected to grow two to three times faster than developed nations like the U.S.”1
While many emerging markets are still addressing poverty, their higher-than-average economic growth rates are fueling the emergence of an educated middle class that aspires to achieve a more affluent lifestyle in which traditional depository, credit, insurance, and investment products play an important role. The expansion of this middle class is expanding global demand for financial services from established providers and could represent a new opportunity for financial services companies looking for growth.
To help financial services companies around the world better understand and assess the opportunities, challenges, and risks that emerging markets present, the Deloitte Center for Financial Services presents a global research project that focuses on six countries in the Asia-Pacific region: China, India, Indonesia, Malaysia, Thailand, and Vietnam.
We hope that you will find our reports useful as you consider the role that emerging markets may play in your company’s growth, and welcome the opportunity to share the knowledge and experience of our global financial services industry group with you.
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