By 2030, the consumer class is expected to reach almost 5 billion people. This means 1.3 billion more people with increased purchasing power than today.
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Digital Europa Thesaurus
purchasing power parity
The shift of economic power from the established Western economies and Japan towards the emerging economies in the East and South is set to continue.
The European Semester, coordination of economic policies across the EU. EU 2020 targets; EU policy, strategy and legislation for 2020 environmental, energy and climate targets. Digital...
Virtual water and pollution impacts should be factored into the price of imported products. | Related Megatrends: Natural resources; Climate and environment; Geopower Multilateral cooperation...
Unless consumption patterns of the emerging middle class in developing countries change, bottle necks in food and energy are very likely, along with increasing environmental degradation...
The number of people living in extreme poverty (US$1.9/day) has been reduced from 1.85 billion (35% of world population) in 1990 to 767 million (10.7% of world population)...
International Monetary Fund, A shifting global economic landscape,(2017). German Institute for Economic Research, Shrinking share of middle-income group in Germany and the US (full report), (2016)...
Policy papers and projects Applicable models
The growing purchasing power of the middle classes in the newly industrialised countries creates opportunities for the consumer goods industry, health services, infrastructure and education.
Worldwide The global middle class is expected to grow and reach 5.5 billion by 2030. Some 87% of the additional middle class population will be Asians. Developing...