Jim O'Neill on the Disconnect Between Global GDP Shares and Stock Market Valuations
By
Jim O'Neill
Summary
Jim O'Neill examines the growing disconnect between major economies' shares of global GDP and their domestic equity market valuations. He notes that while China and India have grown rapidly enough to offset the underperformance of Brazil, Russia, and South Africa (the other BRICS nations), the global economic center of gravity has shifted. The article highlights significant discrepancies in how stock markets reflect (or fail to reflect) the true economic weight of these major economies.
Source
bskyJim O'Neill on the Disconnect Between Global GDP Shares and Stock Market Valuationsproject-syndicate.orgKey quotes
· 2 pulledWith China and India having grown so fast as to compensate for the underperformance of their fellow BRICS (Brazil, Russia, and South Africa), the center of gravity in the global economy has shifted.
Jim O'Neill identifies big discrepancies between major economies' shares of global GDP and domestic equity valuations.
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