SGAM_Vortrag_Lasnier de Lavette - FONDS professionell

Strong Global GDP Growth[ Luxury & Lifestyle Strategy ]6.00Contributions to World GDP Growth (Real terms, PPP)5.505.004.504.003.503.002.502.001.501.000.500.00-0.50Western HemisphereAfricaMiddle EastOther advanced economiesCISCentral and Eastern EuropeUKEurozoneAsia ex-China, India and JapanJapanIndiaChinaUS-1.0019951996199719981999200020012002200320042005200620072008Source: IMF, GGDC and own caclulationsUS GDP growth is decreasing:US consumption is expected to remain lackluster, but growth will remain at around 2.5%.But global GDP is still very strong:Emerging Asia is set to “de-couple” with its growth driven increasingly by domestic demand.Asia’s part of global GDP is increasing.January 08Société Générale Asset Management18