🌏The Asian Dream Is Waking Up to Reality Bloomberg reports that the middle class is starting to struggle after decades of growth, but the momentum is still behind rising aspirations. 📊 Fifty years ago, most of the region was wretchedly poor, agrarian and misruled. The improvements in most countries have since been breathtaking, as industrialization, education and better governance led to higher quality of life and living standards. 📊The last decade has been particularly strong — between 2015 and 2021, the region accounted for 57% of global GDP growth, and in 2021 contributed almost half of world GDP at PPP, more than any other region. But momentum is now stagnating. 📈Emerging-market middle classes will double in the next decade — expanding from 354 million households in 2024 to 687 million by 2034. Even if China no longer posts the world’s fastest rate of middle-class growth, it will remain the biggest consumer market. By 2029, two in every three middle-class consumers are expected to be from Asia. The biggest increases will come from China, India, Indonesia, the Philippines and Vietnam. Read full: ⬇️⬇️⬇️ en review.uz/en/0mo ru review.uz/0mo More analytics ⬇️⬇️⬇️ © Экономическое обозрение © Иқтисодий шарҳ © Economic Review telegram | facebook | twitter|linkedin