In 2030, the population of China will reach 1.4 billion, an increase of 4.7% from 2012. Falling birth rates and increasing life expectancy mean that the population is ageing rapidly. In 2030 the median age will be 47.1 years and China will have the largest number of people over 65 years in the world. Imbalances between the sexes will continue with men aged 0-20 years accounting for 55.0% of all 0-20 year olds in 2030, compared to 54.8% in 2012.
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Despite green energy subsidies and climate targets many EU member states remain reliant on gas - much of which is imported from Russia. Chief amongst gas consumers are Lithuania, Italy and Hungary. The United Kingdom has seen the largest fall in the contribution of natural gas to its energy mix – although the share of natural gas in total primary energy consumption still remains 10 percentage points higher in the UK than the average for the EU.
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The first quarter of 2014 has seen the Chinese economy slow further to 7.4% year-on-year. China’s major trade partners will be looking on anxiously. Despite the National Bureau of Statistics announcing that growth is “Stable and Sound” is a major stimulus on the cards?
First of all the facts:
- China has released its GDP figures for the first quarter. Q1 2014 saw GDP grow by 7.4% year-on-year, a slowdown from Q4 2013’s 7.7% and the lowest rate of growth since Q3 2012;
Real GDP Growth Q1 2010 – Q1 2014
Source: Euromonitor International from National Statistics
Note: Data are non-seasonally adjusted
- Beneath this headline figure, the service sector saw the strongest growth at 7.8% year-on-year;
- Disposable income in both urban and rural areas also saw strong growth in the first quarter with annual real increases of 9.8% and 12.3% respectively.
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Between 2008 and 2013 Gross Fixed Capital Formation (GFCF) declined in all EU member states. The largest single decline was in Greece, where GFCF was €36 billion less in 2013 than it was in 2008 (in 2013 prices). Yet in terms of importance to GDP, GFCF contributes the least to GDP in Ireland. GFCF, which is a measure of investment, is important as it lays the foundations for future economic growth.
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Drive Consumer Expenditure by Tapping into Emerging Wealth Markets
April 29, 2014 | 9 a.m. CST/3 p.m. GMT
The global picture of wealth is changing. The number of high-income earners in emerging markets is rising rapidly, yet few companies are taking advantage of this growth to drive profits.
This webinar provides insights into the profiles and spending habits of high income earners and long-term forecasts for wealth distribution, helping you develop a more strategic plan for growth.
- What markets hold the most opportunities for expansion
- Pivotal trends shaping the future of the luxury goods market
- Short and medium term strategies used by the world's most prominent luxury brands for success
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The Nigerian statistics office, recognised by the IMF, has recalculated Nigerian GDP and the economy is now 89% larger than it was previously stated. This makes it the 22nd largest economy in the world (measured in current market prices in US$) – compared to 37th pre-revision, and the largest economy in Africa – now 49% bigger than South Africa.
Total GDP in Nigeria Pre- and Post-revision: 2010-2013
Source: National Bureau of Statistics
Note: Data refer to GDP in current market prices. 2013 data are estimates.
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Foreign debt is debt owed by a country to another. High levels of foreign debt can be riskier than domestically owned debt, due to the increased risks of contagion. Thailand had the biggest growth in foreign debt from 2008-2013, rising by 483% in real terms due to a boom in outward foreign investment from Thailand. Burundi’s declined by 76.1% in the same period, the biggest globally, as much of its debt was written off in 2009.
Learn more about our Economy, Finance, and Trade research: http://www.euromonitor.com/economy-finance-and-trade
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2013 was hardly a standout year economically speaking for Latin America. Real GDP growth for the region as a whole came in at just 2.7%, compared to 4.6% across emerging and developing countries. The region’s powerhouse economies – Brazil and Mexico - which between them account for 58.3% of Latin American GDP, both saw sluggish rates of growth of 2.3% and 1.1% respectively, with Brazil narrowly escaping recession in the 4th quarter. With Brazil hosting the World Cup all eyes are on the region in 2014, but although growth is strengthening, it is still set to disappoint in some quarters.
Real GDP Growth: 2008-2016
Source: Euromonitor International from national statistics/Eurostat/OECD/UN/IMF
Note: Forecasts begin in 2014
Continue reading "Latin America has Hurdles to Overcome in 2014" »