Emerging markets attraction - The consumption factor (362p)

 

Emerging markets attraction - The consumption factor (362p)

 

 Overview

We believe economic growth will be above average, and thus being present and expanding in the developing economies is essential for any company, and particularly for those based in “old and mature” zones. This is truer than ever in the current period, as despite the severity of the economic crisis, China, India, and Indonesia are still registering impressive growth. For instance, China's GDP rose by 8.9% in Q3 of this year! We anticipate that, after the capex wave, we shall see a consumption phase over the next five years.

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