Strengthening the building Brics of the Asian markets

china

Up until now the western baby boom has driven productivity and inflation in the West but that trend is now heading downwards as the percentage of the US population aged between 0 and 24 and those over 65 increases

Asian markets will become the drivers of global growth, as emerging superpowers like India and China offset declining growth in the west, according to Jim Leaviss, head of retail fixed interest at M&G. Up until now the western baby boom has driven productivity and inflation in the West but that trend is now heading downwards as the percentage of the US population aged between 0 and 24 and those over 65 increases, he notes. "Baby boomers are currently at their earnings peak and approaching retirement leading to a higher proportion of the population that is unproductive," he notes. Retired p...