The article highlights the positive trend of over 4 billion people entering the global middle class, defined as earning between $12 to $120 daily. This shift represents unprecedented economic mobility, particularly in Asia, Latin America, and Africa, with projections suggesting 2 billion will belong to this class by 2035. The transition is significant as it alters mindsets from risk aversion to pursuing opportunities. While factors like inflation and tariffs have been debated, the overall long-term growth potential and resilience of these regions remain strong, contributing positively to global economics.
...more than 4 billion people -qualifies as middle class, meaning they live on incomes ranging from $12 to $120 a day. This represents a diverse economic group made up of people with vastly different lived experiences.
These forecasts were made before global tariffs became a focus and do not consider any implications tariffs may have on global growth and its distribution. But the forecasts reflect underlying long-term strengths and comparative advantages of regions.
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