Consumer spending to reach $234 bln by 2012

Overall global consumer spending both online and by mobile phones is expected to grow 21.8% annually, to $234 bln by 2012, according to Pricewaterhouse. By contrast, spending in the United States will grow at a rate of 16.1%, to $75 bln.

Overall global consumer spending both online and by mobile phones is expected to grow 21.8% annually, to $234 bln by 2012, according to Pricewaterhouse. By contrast, spending in the United States will grow at a rate of 16.1%, to $75 bln.

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