After years of crisis and upheaval, some commentators have resigned themselves to an era of "mediocre" growth. But the world's 4 largest economies (in terms of GDP measured at purchasing power parity) - Japan, America, China and India - are now in the midst of recovery, reform or both. What if all four fulfilled their economic potential at the same time? If this scenario materialized, the consequences would be profound.
BNY Mellon will explore this G4 scenario, its rationale and ramifications, in a sequence of four white papers to be released this year. To get a glimpse of what the white papers entail, please find below the executive summaries:
The G4: Undiminished Expectations – Room to Recover – Executive Summary