E7 (countries)

rdf:langString E7 (countries)

rdf:langString The E7 (short for "Emerging 7") is the seven countries China, India, Brazil, Turkey, Russia, Mexico and Indonesia, grouped together because of their major emerging economies. The term was coined by the economists John Hawksworth and Gordon Cookson at PricewaterhouseCoopers in 2006. The growth of the E7 countries has been characterized in comparison with its size versus the Group of Seven countries, which had made up many of the largest economies in the world in the 20th century. In 2011, the E7 were predicted to have larger economies than the G7 countries by 2020. By 2014, the E7 countries had passed the G7 countries based on purchasing power parity terms. Other estimates said the E7 were 80% of the G7 in 2016 in PPP. In 2016, another prediction estimated that the E7's economies would be larger than the G7 in 2030. PwC predicted that the E7 could be 75% larger than the G7 in PPP terms by 2050.