The world economy will experience strong growth in almost all regions over the next 10 years, according to USDA’s outlook.

The report states that in the aftermath of the Asian financial crisis is “a world that is structurally more sound and poised for significant growth without major imbalances.”

Significant sustained growth is expected in Africa for the first time since the 1950s and for Russia for the first time since the dissolution of the Soviet Union. In both cases, per capita income growth is expected after long periods of per capita income declines.

In the near to mid-term, “crisis recovery” dominates the outcome, while in the longer term structural reform leads to renewed sustained economic growth in the crisis countries but at a lower rate than previously recorded.

Sustained economic growth globally can only be a positive for meat demand. One of the first things people do when they come out of poverty is add more meat to their diets. This bodes well for pork specifically, as it is most consumed meat around the world.