But June figures from the World Bank’s Thailand Economic Monitor show growth expected at around 3.5 per cent for 2015, up from 0.9 per cent the previous year. Visitor figures in the first quarter are at their highest ever at 7.88 million. The public spend is also on an increase.
Out of 189 economies, Thailand now sits 26th for ease of doing business, up from 28th a year ago.
Another place where you can observe considerable growth, is Africa. According to McKinsey, Africa’s consumer-facing industries are predicted to grow by more than US$400 billion by 2020, accounting for more than half of the total revenue increase that all businesses are expected to generate there by the end of the decade.
Research by Euromoney shows that, since 2000, consumer spending in sub-Saharan Africa has grown at a steady 4 per cent per year, reaching almost US$600 billion in 2010. The market is expected to be worth US$1 trillion by 2020.
These are impressive figures, representing glittering opportunities for brands and property investors. Enjoy your reading!
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