Young, educated, tech-savvy and consumption-ready populations have long been key to economic growth. What economists, business strategists and investors should note is the outsized surge in these metrics for Asia today. Calling it a “swelling middle class” may be an understatement.
Investors debating the path of inflation tend to fall into two camps: those who believe it will be truly temporary, resolving after a few more months of running hot; and those who expect a permanent structural shift toward higher, unhealthy inflation in the future.
