Emerging Asia’s middle class - - a force to be reckoned with
Aug 28th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Asia’s middle class is one of the fastest growing population groups in the world. According to the World Bank, the middle class of South and East Asia accounted for 1.4% of the global population and 2.1% of global income in 2000. By 2030, the World Bank forecasts that this same group will account for 8.9% of the population and 7.7% of global income - - much higher than the middle class growth in other developing regions, according to Deutsche Bank Research.