Asia Pacific to Lead Global Consumer Expenditure Growth in 2016

Global consumer expenditure growth is expected to accelerate from 2.2% in 2015 to 2.9% year-on-year in real terms in 2016, with education and health goods and medical services set to be the fastest-growing consumer spending categories. Of all the regions, consumer expenditure growth will be strongest in Asia Pacific (4.6% year-on-year) and Africa and the Middle East (4.3% year-on-year) on the back of economic recovery and population growth.