Every investor knows about the middle income trap. That's when countries hit a certain income level, say around $15,000 annually per capita, and growth ceases to impress. The economy moves slower. It goes through bouts of recessions, some steeper than others. Middle class economies contract. Poorer economies on route to middle classdom, expand.
Every investor knows about the middle income trap. That's when countries hit a certain income level, say around $15,000 annually per capita, and growth ceases to impress. The economy moves slower. It goes through bouts of recessions, some steeper than others. Middle class economies contract. Poorer economies on route to middle classdom, expand.