2020 is fast approaching. Snow is falling, Christmas decorations are going up, and businesses are strategizing for the upcoming year. In the past, there were only so many markets businesses could tap into. Now, thanks to globalization, the sky is the limit.
When we think of the world’s most powerful economies, a few countries immediately jump to mind: the U.S., China, India, etc. While their economies are still among the largest in the world, they will soon be joined by countries few would expect – countries labeled “emerging markets.”
Investopedia defines an emerging market as “the economy of a developing nation that is becoming more engaged with global markets as it grows…with some, but not all, of the characteristics of a developed market.” In short, an emerging market economy is transitioning from low income to high income.
Before we countdown the last 10 seconds of 2019, here are the top ten emerging markets of 2020:
- The U.S.
- The U.K.
What changes will your business make in the coming year? To learn more about growing your business in 2020, visit us at https://www.expenseanywhere.com/ or call us at 412-858-1111.