Luís Miroto Simões

Jul 25, 2023 | brookings.edu | Wolfgang Fengler |Homi Kharas |Juan Diego Caballero |Luís Miroto Simões

The continuous growth of the global consumer class is the biggest news that no one is talking about. Surprisingly, neither the global financial crisis, COVID-19, the war in Ukraine, nor high inflation have stopped the growth of the consumer class. Economic momentum in Asia and higher life expectancy everywhere mean that world consumers are countering even the most severe economic shocks in recent years.