The middle class of the emerging markets represents a huge buying power
According to the Retail Market View study of Cushman & Wakefield, the retail world is a boundary-free global market. The developed retail markets are the base of this market, while the emerging markets are the main driving forces of growth.
The growth of the developing countries, where GDP growth is expected to be 6.3 percent in 2012, compared to the 2.1 percent of the developed countries will lead the middle class and increases the rate of household consumption. The per capita income of the emerging markets is expected to increase significantly until 2020, of which India’s growth will be 200, China’s 125, England and America both 20 percent. (Világgazdaság Online)
Related news
Related news
KSH: in April, retail turnover exceeded the same period of the previous year by 5.0 percent and the previous month by 2.0 percent
In April 2025, the volume of retail trade turnover increased…
Read more >FAO food price index fell in May
The benchmark global food price index fell in May from…
Read more >Eurozone retail sales rise in April
Retail sales in the eurozone and the European Union increased…
Read more >