According to the 2012 American Express Business Travel Forecast, the demand in these countries is also leading to higher prices and fuelling new competition among travel suppliers.
The Organization of Petroleum Exporting Countries cut its global demand forecast for 2008 for the fourth time this year, saying that consumption would continue to slow in 2009.
The Indian middle class, which provides the majority of air travel demand, is forecast to grow by 200 million over the next 8 years.
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Nevertheless, with improving macro conditions, increasing demand from emerging economies and the introduction of new convertible and hybrid designs, we forecast the rate of decline in global PC demand to drop down in the future.
The IEA also raised its forecast for global oil demand this year on the back of Chinese and US demand.
In October OPEC cut its 2011 global demand forecast for the fourth consecutive month, this time by 180, 000 barrels to 87.8 million per day.
The overall demand for PCs is forecast to sink 12.5% in 2009, compared with last year, but laptop demand will stay stronger than that for desktops, Merrill Lynch analyst Dan Heyler wrote in a Jan. 7 report.
The agency raised its forecast for global oil demand this year following greater demand in the last three months of 2012 by the two biggest economies in the world.
The International Energy Agency (IEA) reduced its forecast for demand growth, but still expects the world to consume 1.2 million more barrels of oil each day next year than this year.
Indeed, the only risk in our forecast is on the supply, not the demand side.
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Blanchard spoke of the U.S. splitting away from other major economies on stronger private demand, yet the IMF cut its growth forecast 0.2 percentage points to 1.9%.
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Rather, he said, gold prices found a little bit of price support from the forecast for global oil demand.
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The International Energy Agency lifted its demand forecast for next year and raised its projections for consumption to 2015, citing stronger US growth.
Nevertheless, with improving macro conditions, increasing demand from emerging economies and the introduction of new ultrabooks, convertibles and touch-enabled designs, we forecast the rate of decline in global PC demand to drop in the future.
Oil cartel OPEC on Tuesday cut its global demand forecast for 2008 for the fourth time this year, adding consumption would continue to slow in 2009.
As for North America, the company is growing more upbeat on the U.S. Its demand growth forecast is 2-3%, with hopes it could be even better.
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The company blamed both weaker consumer demand and lower-than-expected market share for the reduced forecast.
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The group enjoyed strong demand for flat screen TVs and digital cameras, and forecast a "satisfactory" outlook over the whole year.
Ali Rodriguez, the oil cartel's secretary-general, said on Monday there was "almost a conviction" among its members to cut production ahead of a forecast drop in demand in the second quarter of the year.
The continuing problems in Europe also saw the International Energy Agency cut its forecast for oil demand.
And every credible forecast sees the vast majority of that demand being supplied by oil, gas and coal.
Forecast demand, then make sure the right people are in the right place at the right time, following tightly scripted programs.
Developing World Oil Demand Steadily RisingEmerging markets are almost entirely the source of this increased demand, with China accounting for 41 percent of demand growth over that time period, the IEA forecast says.
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For a start, there is the pent-up demand for chips in China itself (forecast by industry associations to grow by 20% annually for years to come).
Wednesday's report follows Solarfun's forecast earlier this month for strong demand in the second half of this year and said it plans to increase its production capacity.
Airlines are exempt from emissions laws now and pay no fuel tax, and whereas demand for cars and electricity is predicted to grow only slowly, demand for flying is forecast to rise hugely over the coming decades.
On Oct. 26 Dana lowered its earnings forecast for the remainder of the year, citing weaker demand.
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Rio Tinto ( RTP - news - people ) increased its forecast for iron ore production on the back of strong demand from China.
Demand is forecast to increase by around two-thirds over the next five years.
Demand is expected to be 0.3 percent lower than the forecast for the summer of 2012 and the region is expected to have about the same amount of generating resources as compared with the peak period in the summer of 2012.
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