The middle class of the emerging economies will be the engine of consumption

According to the study of McKinsey; In the next decade, the consumption of the middle class in the emerging economies may triple, which would exceeded the total value of the spendings of the U.S. population is.

The nearly 2 billion middle class people of the emerging countries currently spending 6,900 billion USD a year, but according to McKinsey research, this value within a decade will increase to 20,000 billion USD, which is the double of the current consumption of the U.S. The increase of private consumption offers excellent opportunities for companies, that performed well 20-30 years ago, in the developed countries that were in a similar stage of development that time – reports portfolio.hu.