Blog posts tagged by tag: Asia
Which 15 countries will lead in growth in 2016? [Consensus Forecasts]
These economies are forecast to be the best performers in 2016 according to our poll of economists
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How will emerging markets perform in 2016?
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How do the freshly-released IMF GDP growth forecasts compare to the FocusEconomics Consensus Forecast
The IMF has just released its biannual World Economic Outlook. Sharp downgrades were made to its growth forecasts for emerging economies, especially Brazil, Nigeria, South Africa and Russia. See how the IMF 2015 GDP growth forecasts compare to the latest consensus forecasts from the FocusEconomics’ network of the world’s leading economists.
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ASEAN: Economic Progress and Integration
The ASEAN Economic Community (AEC) is the goal of regional economic integration of the Association of Southeast Asian Nations (ASEAN). Set to launch by 31 December 2015, the AEC will endeavor to move the region toward a more globally-competitive single market and production base with free flows of goods, services, skilled labor, investments and capital across its 10 member states.
How will the South African economy weather recent challenges?
Dukascopy TV recently produced a piece covering economic developments in South Africa as labor strikes and power outages, which have plagued the country over the last year, have had a significant negative impact on its economy. Low oil prices thus far in 2015 that should have positively affected the economy under normal circumstances were offset by the aforementioned power supply shortages, which have hurt manufacturing production. Business confidence is also down, hitting a three month low in the month of March. On top of it all, the recent xenophobic violence that was captured on camera and shared across the globe has not helped matters. Economist Dirina Mançellari spoke with Dukascopy to provide analysis on the situation.
Widodo Launches Reform Agenda with Fuel Price Hike
On 17 November, Indonesia’s new President, Joko Widodo, announced that the price of government subsidized fuel would be raised by more than 30%. In addition to fulfilling his election promise to reduce government spending, the move also suggests that Widodo is serious about implementing economic reforms that are crucial for the country’s long term growth, even if they are unpopular and may limit short-term economic activity. The price hike is designed to relieve pressure on government finances, narrow the current account deficit through reduced fuel imports, and provide funds for much-needed infrastructure and social spending.
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