What's new

Bangladesh consumer market to surpass UK, Germany by 2030: HSBC

Black_cats

ELITE MEMBER
Dec 31, 2010
8,799
-6
13,443
WEDNESDAY, SEPTEMBER 07, 2022

Bangladesh consumer market to surpass UK, Germany by 2030: HSBC

ECONOMY

TBS Report
07 September, 2022, 09:40 pm
Last modified: 07 September, 2022, 09:40 pm

super_market.jpg

Bangladesh is set to overtake the UK and Germany and become the world's ninth-largest consumer market by 2030, according to HSBC Holdings.

HSBC also said Indonesia will pass Brazil to take fourth place, reports Bloomberg.

Bangladesh will in the years to 2030 be Asia's fastest-growing consumer market, followed by India, the Philippines, Vietnam, and Indonesia, said analysts led by Herald van der Linde, head of equity strategy for the Asia Pacific, in a Sept 7 note.

The analysts measured expansion in terms of people earning more than $20 per day in constant purchasing power parity terms.

The fastest-growing sectors to 2030 will be financial services in India, China, and Indonesia, autos in Indonesia, telecommunications in India, and regional travel and recreation, they said, adding that South Korea and Japan will see a drop in their consumer markets by 2030.

Bangladesh will climb from being the 16th ranked consumer market in the world last year to ninth in 2030, while the UK will fall from 14th to 11th and Germany from 8th to 12th, HSBC said.

 

mb444

SENIOR MEMBER
Apr 18, 2012
5,016
1
8,337
Country
United Kingdom
Location
United Kingdom
WEDNESDAY, SEPTEMBER 07, 2022

Bangladesh consumer market to surpass UK, Germany by 2030: HSBC

ECONOMY

TBS Report
07 September, 2022, 09:40 pm
Last modified: 07 September, 2022, 09:40 pm

super_market.jpg

Bangladesh is set to overtake the UK and Germany and become the world's ninth-largest consumer market by 2030, according to HSBC Holdings.

HSBC also said Indonesia will pass Brazil to take fourth place, reports Bloomberg.

Bangladesh will in the years to 2030 be Asia's fastest-growing consumer market, followed by India, the Philippines, Vietnam, and Indonesia, said analysts led by Herald van der Linde, head of equity strategy for the Asia Pacific, in a Sept 7 note.

The analysts measured expansion in terms of people earning more than $20 per day in constant purchasing power parity terms.

The fastest-growing sectors to 2030 will be financial services in India, China, and Indonesia, autos in Indonesia, telecommunications in India, and regional travel and recreation, they said, adding that South Korea and Japan will see a drop in their consumer markets by 2030.

Bangladesh will climb from being the 16th ranked consumer market in the world last year to ninth in 2030, while the UK will fall from 14th to 11th and Germany from 8th to 12th, HSBC said.

BD with its 170m population with increasing purchasing power starting to punch at its weight class.

Where is the hindutva turd... wonder how the retard is going to spin this as a negative. Probably will think this will be as a result of IMF loans.
 

Solidify

FULL MEMBER
Jan 22, 2021
1,084
-2
803
Country
Pakistan
Location
Canada
And meanwhile where is Pakistans huge middle class mixing up with Pml & PPP politics instead setting direction in right path with PTI
 

PadmaBridge

FULL MEMBER
Jun 26, 2022
312
0
333
Country
Canada
Location
Canada
BD with its 170m population with increasing purchasing power starting to punch at its weight class.

Where is the hindutva turd... wonder how the retard is going to spin this as a negative. Probably will think this will be as a result of IMF loans.

Is BSS supplying stats to HSBC as well lol

It means Bangladeshi manufacturers like Walton will have a huge domestic market to capitalise.

@UKBengali beats the Hinduvta turd again!
 

UKBengali

ELITE MEMBER
May 29, 2011
19,708
7
24,402
Country
Bangladesh
Location
United Kingdom
Is BSS supplying stats to HSBC as well lol

It means Bangladeshi manufacturers like Walton will have a huge domestic market to capitalise.

@UKBengali beats the Hinduvta turd again!



BD domestic manufacturers like Walton can use it's large domestic market to prevent themselves from relying too much on overseas markets and hence not be too affected by change in geopolitics.

Good to see that BD is predicted to be the fastest growing consumer market in Asia and hence another way to verify BD GDP growth data.
 

PadmaBridge

FULL MEMBER
Jun 26, 2022
312
0
333
Country
Canada
Location
Canada
BD domestic manufacturers like Walton can use it's large domestic market to prevent themselves from relying too much on overseas markets and hence not be too affected by change in geopolitics.

Good to see that BD is predicted to be the fastest growing consumer market in Asia and hence another way to verify BD GDP growth data.

BD GDP is all made up you malaun 😜
 

Users Who Are Viewing This Thread (Total: 1, Members: 0, Guests: 1)


Top Bottom