Photo: sidstamm on flickr
The consumption trend. You’ve read about it, you know it’s going to change everything in the world’s emerging markets. But just how powerful is the force?It’s capable of sending commodity demand sky-high, driving prices higher worldwide, and making the world’s inflation outlook uncertain, according to Societe Generale.
And pretty much all of it is coming from emerging markets.
From Societe Generale:
Already in 2010, almost 60% of the global increase in consumption came from emerging consumers with China alone contributing as much as the US consumers to global demand growth. According to our projections, consumer demand from emerging countries will increase be 5.9% on average per year by 2015…