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Showing posts with the label Asian Economy

Asia’s Growth Far From Finished ( Source- The Diplomat / Author- Anthony Fensom)

Singapore Keppel Terminal ( Source- Wikimedia Commons / Credits- Calvin Teo) Source- The Diplomat Author- Anthony Fensom China’s slowdown may have rattled markets, but Asia is still expected to remain the world’s economic growth engine through the end of the decade, according to the Economist Intelligence Unit (EIU). In a July 29 presentation, Duncan-Innes Ker, EIU regional editor for Asia, said Asia stood out as the only economic region recording fast rates of growth, in stark contrast to the Eurozone’s woes, conflicts in Ukraine and the Middle East and stagnation in much of Latin America. According to the EIU, South Asia is expected to lead the pack with an average of around 7 percent annual gross domestic product (GDP) growth through to 2019, followed by China (over 6 percent) and ASEAN at 5 percent. In contrast, Latin America is forecast to post around 2.5 percent GDP growth, slightly ahead of the United States at over 2 percent and exceeding the Eurozone’s 1.

Asia’s Growth Gap: India Versus The Rest ( Source- The Diplomat / Author- Anthony Fensom)

Image source- Wikimedia Commons / Credits- Srisez  Source- The Diplomat Author- Anthony Fensom India has emerged as Asia’s leading light as China’s slowdown continues and other developing economies struggle to pick up speed, according to the latest economic indicators. On Wednesday, China released data showing the world’s second-biggest economy expanded at its weakest pace since 2009 in the March quarter, slowing to an annualized gross domestic product (GDP) growth rate of 7 percent on lower investment growth and a weak property sector. While in line with Beijing’s official target and the median estimate of economists surveyed by Bloomberg, industrial production slowed to its lowest level since 2008 and fixed asset investment hit a record low, causing Asian stocks and market interest rates to fall. For the quarter, China’s economy grew by 1.3 percent, down from 1.5 percent growth in the previous quarter, with analysts urging further monetary easing to counter