RE: New UK Energy Secretary = Ed Miliband!15 Jul 2024 17:27
People looking for real growth need to look at the Global South, not UK.
Eg Indonesia.
These facts might surprise some people about Indonesia:
• World's 4th largest population (after India, China, USA).
• World’s 7th GDP (in PPP terms). Higher than UK (UK is 9th place).
• Fast growing economy prioritising infrastructure development.
• Only 20% of their population is in the middle class! This will change fast.
• Only produce 2Mt of iron ore per year (due to mother nature) but have a decent steel industry ranked 16th globally in steel production and adding significant new capacity.
• Just a few sail days from Australia.
Then look at other countries in the ASEAN region (Vietnam, Thailand, Philippines, Malaysia etc) also India (which has imported more silver by May this year than they did in all of 2023).