By 2050 demand for services will increase in financial sector more than on 50 % by 2050. Now emerging markets consume approximately 18 % of given financial services in the world, — group HSBC research testifies.
Actually, the percent can be above, than we predict. As soon as access to bank and insurance services will become simpler and the state well-being will increase, we can observe decrease in level of accumulation and sharp jump of demand for financial services, quotes review HSBC PRIME agency.
Experts believe that consumer revolution all over the world not far off – and it will be caused by unprecedented expansion of world middle class.
Almost 3 billion people – more than 40 % of the population of the Earth – become representatives of middle class by 2050, thus practically all of them live today in developing countries. "We predict that the consumer market of developing countries will make almost two thirds of world volume of consumption in 2050, in comparison with approximately one third for today", - experts mark.
Experts investigate the income per capita, demographic indicators and change of structure of expenses. Considering it, they predict phenomenal shift in consumption geography.
Under assumptions of the analysts, the developed countries can provide less than 2 % of annual growth of consumption the next forty years. And such countries as China, India, Philippines, Peru, Malaysia and Russia give the grounds to expect annual growth of real incomes more than on 4 % for the same period.
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