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)
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