The Financial Post reports in its Wednesday edition that according to Goldman Sachs Group emerging-market stock capitalization is set to eclipse that of the United States by the end of the decade as incomes grow and investors gain deeper access to public exchanges worldwide. A Bloomberg dispatch to the Post reports that Goldman analysts Tadas Gedminas and Kevin Daly converted economic growth projections into estimates of equity market capitalization, and concluded that the U.S.'s global share will fall to about 35 per cent in 2030 from 42 per cent in 2022. In the same period, emerging markets' share will rise to 35 per cent from about 27 per cent, and then keep growing from there. Even though real gross domestic product growth has slowed in both developed and emerging economies in recent years, income convergence continued despite the variety of shocks that the global economy has faced, including the global financial crisis and COVID-19 pandemic. Goldman said in a note on June 23, "The most important dynamic underlying EM capital market growth in our projections is the equitization of corporate assets, the deepening of capital markets, and the disintermediation that takes place as financial development proceeds."