Update- The Developing World Is it all going to fall over? This is the question that clients are asking and the answer is a resounding no. The world is experiencing a once in a millennia event, the equalization of global wealth. The Europeans and North Americans have been far out in front for a long time and now it is time for the rest of the world to catch up. BHP Billiton claims that the world will consume more copper, aluminum, nickel, steel and iron ore in the next 25 years than it has done throughout all of history. The International Energy Agency 2008 forecast had global energy demand rising by 45% between 2006 and 2030 with China and India alone accounting for half the demand. The numbers are truly unprecedented which is what one would expect as the rest of the world builds to catch up with the industrialised nations of the West. There is still a great deal of growth to come and it is not stopping anytime soon. At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me via ‘Contact Us’ at www.newealth.com.au or to call me on +61 2 9267 2322.
15th-August-2011 | 
