Markets in Egypt, Turkey, South Africa Colombia, Indonesia and Vietnam are seeing high levels of growth and are predicted to outpace both Russian and Brazil in growth during 2013.

Global predictions made by the Economist Intelligence Unit (EIU) also placed Mexico and South Korea and Europe within the analysts list of countries to watch over 2013, with countries within the Eurozone gradually moving away from economic stagnation.

Alasdair Ross, global product director at the EIU, predicted that the UK would struggle to move away from recession in comparison to Eurozone countries