Replies to post #7434 on The Rising Influence of Rising Affluence

[DewDiligence]

From the same article:

Many emerging-market economies remain the world's fastest-growing, even if they aren't expanding as quickly as before. Beijing's official full-year growth target of 7.5% would make this year the slowest since 1990, still far surpassing the U.S. pace of about 2%... Economists expect many smaller emerging economies from Southeast Asia to South America to grow at relatively strong rates, though more slowly than in prior years.

Some investors don’t realize the enormous compounding effect of 7% annual growth; in only eight years, 7% annual growth results in a 72% increase in GDP!