28 May 2023 The IMF's recently released global forecast highlights that Asia will be the only region to experience stronger economic growth this year relative to 2022. Likewise, the Asian economy will outperform all other regions both this year and in 2024 (Chart above). Indeed, the following Chart indicates that Asia will account for over [...]
31 May 2022 In my March 2019 blog entitled "India: Long Growth Runway Still Lies Ahead", I suggested India may enjoy faster economic growth than all other large economies during the next decade, including China. The following Chart indicates the IMF now shares this appraisal, as India's long-term potential GDP exceeds all other countries (except [...]
25 June 2021 Despite US Federal Reserve Chairman Powell's attempts to reassure investors, financial markets are concerned about inflation. Likewise, price growth has accelerated in key emerging market countries. In response, central banks in Brazil, Russia, Mexico, and Turkey have already begun to tighten monetary conditions. Is Emerging Market inflation temporary? That is, does it [...]
9 February 2021 China was the only major country to record economic growth in 2020, with GDP expanding 2.3%. Indeed, following three consecutive quarters of expansion, national output is already 6.5% above pre-Covid levels. As we approach Chinese New Year, the IMF optimistically projects 8.1% GDP growth during the year of the Ox. Likewise, I [...]