China and India are expected to grow on average 7% and 6.4% p.a., Although impressive compared to developed economies, these rates are below the growth rates experienced during the previous ten years. Asian countries also maintain high growth rates, but the slowdown in China and India will curb growth rates in the region. Income growth in Latin American economies is assumed to be weaker compared to other emerging economies, but the resilient US economy is a positive factor for the region.