Air Cargo World--A report from the Asia Development Bank (ADB) says the region's rapidly expanding middle class will, by 2030, replace their counterparts in the US and Europe as the world's primary consumers.
The report found that in 2008 Asia’s consumers spent an estimated $4.3 trillion (in 2005 purchasing power parity) or about one-third of OECD consumption. By 2030 the spend will rise to $32 trillion or 43 percent of the global total. Read more!
The report found that in 2008 Asia’s consumers spent an estimated $4.3 trillion (in 2005 purchasing power parity) or about one-third of OECD consumption. By 2030 the spend will rise to $32 trillion or 43 percent of the global total. Read more!
