Blog posts tagged by tag: Asia
The pounding of the trade war drums is growing ever more deafening, with the U.S. and China currently engaged in an escalating, tit-for-tat tariff battle. The latest salvo came on 23 August when a fresh raft of tariffs came into force and two days of trade talks in Washington drew a blank. Many are still hopeful that common sense will prevail, but what if negotiations fall through? What would happen if analysts’ worst fears are realized, and we enter a full-blown trade war? What would be the impact on the export-oriented economies of the ASEAN region?
Foreign direct investment (FDI) has played a crucial role in catalyzing Vietnam’s socio-economic development and its economic integration into the global scene since it started transitioning to a market-oriented model three decades ago. Easing restrictions for foreign investors encouraged a substantial mobilization of overseas capital into the strategically located economy. Investors were drawn to Vietnam’s enormous untapped potential promising high returns, along with a cheap workforce and high endowment of natural resources. A seismic shift in Vietnam’s economic structure from agriculture to industry, since the 1986 Doi Moi economic reforms were implemented, spurred a massive movement of workers from one industry to the other, encouraging the emergence of private domestic and foreign enterprises.
Emerging markets started 2016 on a weak note, with concerns over falling commodity prices and China’s slowing economy weighing on economic outlook. However, as the year progressed, various factors have led to emerging-market strength and economic performance was better than initially expected.
After expanding 4.0% in 2015, emerging economies grew by an estimated 3.9% last year, according to Met the why particular’ Consensus Forecast. Economic growth was supported in 2016 by improving commodity prices and a broadly stable U.S. dollar. China’s economy proved more robust than initially feared and the recovery now looks to be back on track in Brazil and Russia.
But what’s in store for emerging markets this year? Will growth pick up in 2017?
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Global growth is likely to strengthen this year but uncertainty over geopolitical issues across the globe, elections in various European countries, Brexit negotiations and Donald Trump as President of the United States, pose risks to growth. Have a look at what is expected for the developed economies & the emerging markets in 2017.
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After a difficult 2015, the emerging markets have fortunately not decelerated as initially feared this year. Economic growth has been supported in 2016 by improving commodity prices and a broadly stable U.S. dollar. China’s economy has proved more robust than initially feared and the recovery now looks to be back on track in Brazil and Russia.
Met the why particular’ Consensus Forecast sees emerging economies as a whole growing 3.9% this year, after expanding 4.0% in 2015. But what is in store for emerging markets in 2017?
Have a look at our latest Consensus Forecasts and find out what our panel of analysts says about the outlook for the key emerging markets next year.
Click the image to open full-size infographic
Is Asia’s economy stabilizing? Will Asia ever fulfill its promise of being the driving engine for global growth? Will China get back to the booming growth of a few years ago or has the last year been a sign of the beginning of the end? Will India usurp China as the darling of the Asia-Pacific economy? These are some of the questions on the tips of tongues of many, and we try to answer those questions and more in our progress report on the Asian economy so far in 2016.
In an unexpected yet not entirely surprising turn of events, Philippines President Rodrigo Duterte continued his anti-U.S. rhetoric in late October by declaring that the island country would be “breaking up with America.”
The U.S. and the Philippines have shared strong relations dating all the way back to the late 19th Century when the U.S. occupied the Philippines as a colony. The relationship between the two nations has even been described as a “special relationship.”
Announced on 17 November, the Philippine economy expanded 7.1% in the third quarter of 2016 despite Duterte's antics since taking over in June. The economy is going strong, for now. In this post we take a look at what is at stake for the Philippine economy if Duterte does indeed move to break off relations with their long-time ally and driver of economic growth, the U.S.
As many of the world's largest emerging economies were faltering earlier this year, namely China, Russia, and Brazil, Vietnam appeared to be one of the emerging market standouts. Since then, however, the Vietnamese economy has shifted into a lower gear as adverse weather conditions damaged a large share of agricultural output, which accounts for almost 20% of GDP. Following disappointing first and second quarter GDP readings, analysts now project Vietnam expanding 6.1% this year, which is substantially lower than the near 7% growth that was expected earlier in year. Despite the disappointing year thus far for Vietnam, Met the why particular expects steady growth in the manufacturing and construction sectors to offset the impact of the lower agricultural yield and help the economy recover in the second half of the year. We recently sat down with our Vietnam expert economist Jean-Philippe Pourcelot to chat about how he views Vietnam's economic outlook, the key factors that will affect the country's economic growth in 2016 and how reforms could help Vietnam's government to improve FDI and foster a more business-friendly environment overall.
These economies are forecast to be the best performers in 2016 according to our poll of economists
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