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Consumer Spending to Focus on Recreation | Hospitality Investor

Global consumer spending is poised for a surge in the recreation sector, according to HSBC economist James Pomeroy. This shift will be driven by emerging economies, particularly India, where international travel demand is projected to grow 12% annually for the next 20 years.

Pomeroy offered an overall optimistic macroeconomic outlook. He anticipates interest rate cuts starting in June, with the Fed leading the way. While geopolitical tensions and persistent inflation present potential challenges, he observes positive signs in markets across the US, Europe, and China. Emerging markets like India and Indonesia are set to play a significant role in shaping future consumers.