CHART OF THE DAY: Emerging Markets Are More Important Than You Might Think

CHART OF THE DAY: Emerging Markets Are More Important Than You Might Think - 28

This idea of "emerging economies" is a bit of a misnomer.  According to our analysis, on a purchasing parity basis the so called emerging economies comprised 56% of global GDP share in 2013.  Moreover, in the same year emerging economies comprised 73% of global growth.  So as emerging markets go, so to goes global economic growth.