Lower oil prices should provide a welcome boost to incomes, and hence consumption, in large parts of the emerging world. We are particularly upbeat about the outlook for consumers in China, India, the Philippines and Central Europe. At the other end of the scale, Russia is the one major emerging market economy where we expect consumer spending to contract sharply over the coming quarters.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services