02.23.17
Euromonitor International analysts predict that 2017 will be marked by slowing growth in consumer spending in developed markets, as many of these countries are struggling to raise productivity, weighed down by debt and an aging population. The Eurozone will continue to see anemic growth, with a slowdown in all major economies next year. The predictions come via a new white paper “Global Economies and Consumers in 2017.”
Sarah Boumphrey, global lead of economies and consumers at Euromonitor International says, “In emerging and developing markets, real consumer spending growth is expected to strengthen in 2017, driven by markets such as China, India and the ASEAN. Brazil and Russia are expected to return to growth next year, albeit weak growth. India should continue to perform well, with the strongest growth in all major markets, although downside risks stem from demonetization.”
Among the trends to watch in 2017, according to the report:
—The U.S. elections result unfolds uncertainty with global spillovers. The main obstacles include increases in trade tariffs and immigration restrictions, which could cause a downturn in the US economy, with GDP growth falling to 0.9 percent in 2017.
—Political risks threaten to obstruct economic growth in Europe. Right-wing parties gain ground across Europe, adding up to significant political uncertainty, while continued concern surrounding Brexit is estimated to lower UK demand and add to vulnerability of European economies.
—The over-indebted Chinese corporate sector will pose increasing pressure on the Chinese economy. High credit growth is anticipated to carry on in China. Bad loans being a particular cause for concern, add to a high probability of a banking crisis by 2020.
—With the global economy entering a period of political volatility, Euromonitor analysts explore the economic landscape in 2017, taking in top trends within Business Dynamics, Cities, Economy, Finance and Trade, Industrial, Natural Resources, Digital Consumer, Households, Income and Expenditure and Population.
Download the free report
Sarah Boumphrey, global lead of economies and consumers at Euromonitor International says, “In emerging and developing markets, real consumer spending growth is expected to strengthen in 2017, driven by markets such as China, India and the ASEAN. Brazil and Russia are expected to return to growth next year, albeit weak growth. India should continue to perform well, with the strongest growth in all major markets, although downside risks stem from demonetization.”
Among the trends to watch in 2017, according to the report:
—The U.S. elections result unfolds uncertainty with global spillovers. The main obstacles include increases in trade tariffs and immigration restrictions, which could cause a downturn in the US economy, with GDP growth falling to 0.9 percent in 2017.
—Political risks threaten to obstruct economic growth in Europe. Right-wing parties gain ground across Europe, adding up to significant political uncertainty, while continued concern surrounding Brexit is estimated to lower UK demand and add to vulnerability of European economies.
—The over-indebted Chinese corporate sector will pose increasing pressure on the Chinese economy. High credit growth is anticipated to carry on in China. Bad loans being a particular cause for concern, add to a high probability of a banking crisis by 2020.
—With the global economy entering a period of political volatility, Euromonitor analysts explore the economic landscape in 2017, taking in top trends within Business Dynamics, Cities, Economy, Finance and Trade, Industrial, Natural Resources, Digital Consumer, Households, Income and Expenditure and Population.
Download the free report
