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July 30, 2014

Advanced Economies Drive Global Growth in 2014

Despite a weak first quarter, the global economy is picking up pace and is expected to perform even stronger in the second half of 2014. Advanced economies are leading global growth, a reversal of the pattern of recent years when emerging markets dominated. As a result, there will be renewed interest in investment and capital inflows to developed countries but challenges remain such as low inflation, risks of deflation and persistent unemployment.

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July 27, 2014

In Focus: Income Inequality between Men and Women to Worsen in Asia Pacific

An HodgsonAnalyst Insight by An Hodgson - Income and Expenditure Manager

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The gender income gap is a highly relevant consumer market barometer, one that companies cannot afford to ignore when assessing market potential and making business decisions at all stages, from market entry and product development to marketing and advertising. Women are already the key decision maker for many purchases within the household, and today’s modern female consumers with their rising incomes are driving a greater share of consumer expenditure. Euromonitor International forecasts that in 2030 the largest income gap between men and women will be in the Middle East and Africa, although Asia Pacific will be the only region with deteriorating gender income inequality in the period through to 2030.

Gender Income Gap.jpg

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July 26, 2014

Emerging Markets Among Highest Growth in Employment in Finance

Emi_employmentFinance-v1.2

Finance is a key sectors globally for producing top earning consumers who can afford luxury discretionary goods across all sectors of the consumer goods industry. While developed markets including Germany and the UK saw their employment in finance reduce from 2003-2013, emerging markets such as South Africa and the UAE are seeing among the biggest rises in this employment sector globally, from 2.8% and 1.1% of their total employed populations respectively in 2003 to 5.3% and 5.0% in 2013.

 

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July 23, 2014

Top 3 Emerging Internet Markets in 2014

Pavel_MarceuxAnalyst Insight by Pavel Marceux - Technology, Communications and Media Analyst

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Euromonitor International has identified the top three emerging Internet markets in 2014, based on growth rates in annual digital indicators such as online adspend, e-commerce, Internet users and mobile Internet subscriptions. The online markets to look out for in 2014 are Vietnam, Chile and Iran, as improved local telecom infrastructure, growing IT literacy and greater adoption of new technological platforms are driving more consumers to the web. Improved conditions for the growth of domestic Internet start-ups, clearer regulatory oversight regarding web commerce and cheaper costs of telecom services are allowing more businesses to launch or expand their online offerings.

E-Commerce Value and Internet Users in Vietnam, Iran and Chile: 2014

Source: Euromonitor International from trade sources/national statistics/International Telecommunications Union/OECD

Note: Figures are forecast

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China Overtakes the US as the World's Largest Economy

China is set to overtake the US as the world's largest economy in 2014, with a significant impact on consumers and industries. Learn which industries will be the most affected and why by watching this video and downloading Euromonitor's latest whitepaper.

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July 21, 2014

What Next for the BRIC Economies in 2014?

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The outlook for the BRIC for the second half of the year is as diverse as the grouping itself. Russia is set to suffer the worst performance of the BRICs, followed by Brazil. All four countries have seen their growth forecasts revised down since January, but for widely differing reasons.

Real GDP Growth Forecasts: 2014

SB1

Source: Euromonitor International from national statistics/Eurostat/OECD/UN/IMF

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July 15, 2014

Webinar Recording: The Global Economy in 2014: Mid-Year Economic Update

Mid-Year-Economic-Update-2014-Landing-Page-Banner

Gain an understanding of economic developments impacting industries and consumers around the world. The US economy faltered in the first quarter of 2014, the UK grew more than expected and major emerging markets showed mixed performances amidst elections, international tensions and global sporting events. 

In this webinar, you will learn:

  • What economic changes will impact industries and consumers globally
  • The biggest challenges facing policy makers 
  • What is threatening emerging market growth

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One Quarter of the World’s Educated Population Resides in Just 100 Cities

UgneSaltenyteAnalyst Insight by Ugne Saltenyte - City Analyst

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With governments recognising the link between education and economic competitiveness, education standards are rising globally. Increased prioritisation of primary and secondary education is translating into rising uptake of tertiary education in many economies. The number of people with higher education globally rose from 518 million in 2005 to 704 million in 2013, with 24% of the latter amount being concentrated in the top 100 largest metropolises worldwide. To put this into perspective, these metropolises accounted for just 11% of the global population in 2013.

World’s Most Educated Cities: Share of Population Aged 15+ Years with Higher Education 2013

Source: Euromonitor International

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July 14, 2014

Key Risks to the Emerging Market Outlook in 2014

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Risks outweigh opportunities for emerging markets in 2014. Their growth is set to average 4.6%, down from the recent peak of 7.4% in 2010. Major emerging markets in particular – Brazil, Russia, India, China, Indonesia, Mexico and Turkey - have all seen their growth prospects revised downwards since January.

Downside Risks Abound

The key risks for emerging markets in the second half of 2014 are:

  • Geopolitical risks – for instance tensions in Ukraine, ISIS in Iraq and the continued civil war in Syria. These have important risks for both specific countries – Russia and Ukraine, Turkey and Iraq for example, but also have wider ramifications and potential flow-on effects from trade linkages, commodity price rises and general contagion effects from the instability.

  • The China slowdown – China is a major trade partner of many emerging and developing markets. A significant lowering of demand will have an impact on those countries heavily reliant on China as an export market.

Top 20 China-Dependent Emerging and Developing Exporters: 2013

  SB1

Source: International Monetary Fund (IMF), Direction of Trade Statistics

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July 12, 2014

Where is Youth Unemployment Rising and Falling Globally?

EMI_youthUnemployment-v1.2

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Young people aged 15-24 are a key consumer group, which have been badly hit by unemployment in most countries since the start of the global economic downturn in 2008 and the profits of many consumer goods companies have been hit as a result. Western Europe had the highest average youth unemployment rate in 2013 at 21.7% of the economically active population aged 15-24. Yet many emerging markets like South Africa and Chile saw their youth unemployment rates decline from 2008-2013.

 

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Recent Posts

Advanced Economies Drive Global Growth in 2014

In Focus: Income Inequality between Men and Women to Worsen in Asia Pacific

Emerging Markets Among Highest Growth in Employment in Finance

Top 3 Emerging Internet Markets in 2014

China Overtakes the US as the World's Largest Economy

What Next for the BRIC Economies in 2014?

Webinar Recording: The Global Economy in 2014: Mid-Year Economic Update

One Quarter of the World’s Educated Population Resides in Just 100 Cities

Key Risks to the Emerging Market Outlook in 2014

Where is Youth Unemployment Rising and Falling Globally?