Economics
Apple, Samsung Open Their Wallets, Boosting World's Economy
- Developing economies are leading the next wave of capex
- Companies are spending as global demand continues to grow
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Companies across the developing world are stepping up investment to meet rising demand from industrial economies in what’s shaping up as a further spur to already buoyant global growth.
Big industrial economies including the U.S. and Japan led the recent recovery in capital expenditure. Now, such investment is broadening to emerging countries with Morgan Stanley’s tracker of economies not including China now at its highest level since 2011.