Global Emerging Markets Quarterly - 2Q 2010

21 July 2010

Brazil: a consumer, not commodity driven economy

The vibrancy of emerging market growth owes much to the confluence of financial market reform and demographic factors.

The emergence of aspirant middle class consumers, as an expected 3 billion people move out of poverty over the next two decades, is fuelling demand for a huge range of goods and services across emerging markets. China and India remain key elements of this story, but within the LATAM region, Brazil's growing consumer power stands out as a significant factor behind the country's dynamic growth.

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