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EconomyOur insights on the global economy, business environment and the world’s major cities inform business strategy and pinpoint opportunities and risks.
All of the BRICs are seeing a decline in low paid primary industries such as agriculture, fishing, hunting and forestry work towards higher paid sectors such as construction, transport, communications, trade, hotels and restaurants. This is set to fuel a further rise in the consumer spending power of the BRIC nations, which will see a combined average increase of nearly 60.0% in real terms in their annual disposable incomes from 2013-2020. This will create opportunities for FMCG businesses.
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