India, China and Indonesia will be three of the five economies with the world's largest working-age populations among G20 countries by 2030. This highlights the fact that the world might be seeing the economic geography shifting toward Eastern nations, McKinsey said in its report.
"The world remains deeply interdependent, and indeed perhaps more so than previously, as digital and data flows fuel exchanges of communication and knowledge," McKinsey said in its report. "Yet the global economic picture suggests that the world may be at the cusp of a new era. Economic geography has shifted eastward."
China and India continue to be the core growth engines for the G20, but other nations score better on inclusion and sustainability. European countries, Japan and Korea are well advanced on a range of indicators from life expectancy to share of population with bank accounts. On sustainability, while emerging economies have the lowest per capita carbon emissions, countries in Europe have the lowest ratio of CO2 emissions to GDP.
