The share of British exports bound for fast-growing emerging nations is set to double over the coming 20 years but will still leave the country heavily reliant on European demand, according to projections being published today.
The portion of Britain?s overseas sales going to the Brics ? Brazil, Russia, India and China ? will rise from 8 per cent to 16 per cent between 2011 and 2030, PwC predicts.
The new exports to emerging markets will be driven by sectors including branded consumer goods, aerospace, pharmaceuticals, education, tourism and advertising, according to an analysis by the consultancy based on long-term growth projections.
Source: http://www.thetimes.co.uk/tto/business/economics/article3590035.ece
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