Analyst Insight by An Hodgson - Income and Expenditure Manager
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.
Continue reading "In Focus: Income Inequality between Men and Women to Worsen in Asia Pacific" »
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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Continue reading "Emerging Markets Among Highest Growth in Employment in Finance" »
Analyst Insight by Pavel Marceux - Technology, Communications and Media Analyst
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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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
Source: Euromonitor International from national statistics/Eurostat/OECD/UN/IMF
Continue reading "What Next for the BRIC Economies in 2014?" »
Analyst Insight by Ugne Saltenyte - City Analyst
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
Continue reading "One Quarter of the World’s Educated Population Resides in Just 100 Cities" »
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
Source: International Monetary Fund (IMF), Direction of Trade Statistics
Continue reading "Key Risks to the Emerging Market Outlook in 2014" »