{"id":643068,"date":"2017-08-29T03:38:27","date_gmt":"2017-08-29T03:38:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/29\/pets-the-chic-new-way-to-measure-growing-wealth-in-emerging-markets\/"},"modified":"2017-08-29T03:38:27","modified_gmt":"2017-08-29T03:38:27","slug":"pets-the-chic-new-way-to-measure-growing-wealth-in-emerging-markets","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/29\/pets-the-chic-new-way-to-measure-growing-wealth-in-emerging-markets\/","title":{"rendered":"Pets \u2014 the chic new way to measure growing wealth in emerging markets"},"content":{"rendered":"

<\/a> Pets \u2014 the chic new proxy for growing wealth in emerging markets:<\/strong> Pet ownership in developing countries is on the rise, which according to the FT\u2019s Steve Johnson<\/a> is indicative of a growing middle class in emerging markets, as well as changing lifestyles and attitudes towards cats and dogs. Dog ownership has grown 51% since 2003 to 243 mn, while cat ownership has risen 49% to 126 mn. \u201cIn poor countries people are more focused on a chicken that will lay eggs or a pig that might eat their waste. It\u2019s only as they get a little bit richer that that changes. Pets might be seen as a relative luxury purchase,\u201d said Renaissance Capital\u2019s chief economist Charles Robertson. This comes as the rate for pet ownership in the developed world fell, growing a modest 5% for both cats and dogs since 2003. The development is opening up doors for the pet industry in EMs, says Johnson.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pets \u2014 the chic new proxy for growing wealth in emerging markets: Pet ownership in developing countries is on the rise, which according to the FT\u2019s Steve Johnson is indicative of a growing middle class in emerging markets, as well as changing lifestyles and attitudes towards cats and dogs. Dog ownership has grown 51% since […]<\/p>\n","protected":false},"author":1,"featured_media":643069,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9272],"tags":[72,1510],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-643068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-macro-picture","tag-enterpriseam","tag-the-macro-picture","wpautop","entry"],"acf":{"mongo_id":"92491510-0016-46ed-a953-bee0d048e14d","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2017\/8\/610.jpg","photo_position":"above","related_issue":[643052],"teaser":"","voice_url":""},"yoast_head":"\nPets \u2014 the chic new way to measure growing wealth in emerging markets - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/29\/pets-the-chic-new-way-to-measure-growing-wealth-in-emerging-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pets \u2014 the chic new way to measure growing wealth in emerging markets\" \/>\n<meta property=\"og:description\" content=\"Pets \u2014 the chic new proxy for growing wealth in emerging markets: Pet ownership in developing countries is on the rise, which according to the FT\u2019s Steve Johnson is indicative of a growing middle class in emerging markets, as well as changing lifestyles and attitudes towards cats and dogs. Dog ownership has grown 51% since […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/29\/pets-the-chic-new-way-to-measure-growing-wealth-in-emerging-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-29T03:38:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2017\/8\/610.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/29\/pets-the-chic-new-way-to-measure-growing-wealth-in-emerging-markets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/29\/pets-the-chic-new-way-to-measure-growing-wealth-in-emerging-markets\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Pets \u2014 the chic new way to measure growing wealth in emerging markets\",\"datePublished\":\"2017-08-29T03:38:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/29\/pets-the-chic-new-way-to-measure-growing-wealth-in-emerging-markets\/\"},\"wordCount\":163,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/29\/pets-the-chic-new-way-to-measure-growing-wealth-in-emerging-markets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2017\/8\/610.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"THE MACRO PICTURE\"],\"articleSection\":[\"THE MACRO PICTURE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/29\/pets-the-chic-new-way-to-measure-growing-wealth-in-emerging-markets\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/29\/pets-the-chic-new-way-to-measure-growing-wealth-in-emerging-markets\/\",\"name\":\"Pets \u2014 the chic new way to measure growing wealth in emerging markets - 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The reality is a little more nuanced considering the\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/6\/2130.png?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":570535,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/05\/an-emerging-market-credit-crisis-is-looming-in-spite-of-the-feds-repo-facility\/","url_meta":{"origin":643068,"position":3},"title":"An emerging market credit crisis is looming in spite of the Fed\u2019s repo facility","author":"enterpriseam admin","date":"5 April 2020","format":false,"excerpt":"An emerging market credit crisis is looming as an increasing number of countries are struggling to repay their debts amid the economic fallout from covid-19, the Financial Times reports. The scale of the pandemic has triggered widespread funding pressures despite many countries now having more tools to withstand economic shocks\u2026","rel":"","context":"In "THE MACRO PICTURE"","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/4\/32.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601308,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/the-window-for-emerging-markets-to-industrialize-is-closing-and-quickly-at-that\/","url_meta":{"origin":643068,"position":4},"title":"The window for emerging markets to industrialize is closing \u2014 and quickly, at that","author":"enterpriseam admin","date":"25 February 2019","format":false,"excerpt":"The window for emerging markets to industrialize is closing \u2014 and quickly, at that: Structural shifts in global trade patterns will make it increasingly difficult for emerging markets to industrialize, writes Steve Johnson in the FT. 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