Definition of 'EAGLES'
An acronym introduced by Spanish bank BBVA in 2010 to describe the emerging and growth-leading economies of Korea, Indonesia, Mexico, Turkey, Egypt and Taiwan along with the BRIC countries Brazil, Russia, India and China. BBVA expected these countries to generate 50% of the global economic growth through 2020, whereas it expected the G7 countries of France, Germany, the United States, Canada, Italy, Japan and the United Kingdom to generate just 14%.
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