The third quarter was one where we saw risks to the global outlook intensify – particularly with regard to tensions in Ukraine and the rise of the Islamic State in Iraq and Syria. Economic news was mixed but some of the biggest headlines were negative – weak Q2 GDP growth in the eurozone and disappointing jobs figures in the USA. We also saw new presidents elected in India and Turkey, Joko Widodo’s presidency of Indonesia confirmed, and Scotland vote to remain in the UK. Here are some of the quarter’s most read content on Countries & Consumers:
In essence, the Internet of Things signifies the capability to connect everyday devices and appliances, such as fridges, toothbrushes, thermostats and watches, to web-based networks. This integration opens up a number of new segments, ranging from data-analysis instruments for both businesses and consumers, to small-screen advertising, digital device updates and a variety of communications add-ons.
To consumer goods businesses, middle class households are highly important because they drive consumer spending, especially spending on discretionary items (that is, all items except food, non-alcoholic drinks and housing). Although the middle class in emerging markets is celebrated for its rapid expansion, their purchasing power remains low.
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.
Population growth and increasing incomes, which have in turn led to changes in diet, have given rise to one of the world’s greatest challenges – and biggest opportunities – feeding Asia.
“Think globally, act locally,” long the maxim for successful politics stressing a preference for all things local, is emerging as a global trend. Consumers are looking for locally-sourced produce and are interested in regional foods and tradition. For some, the “local” label is becoming a stronger buying criterion than “organic”. Among other things, the propensity for all things local indicates consumer anxieties. In the political arena, it expresses a local outlook seeking to return to traditional regional and ethnic communities, and in culture there is a growing revival of local music, old dialects and languages.