The year has started well for most Asian countries. What to expect for the rest of this year regarding economic growth? Despite the tendency to more protectionism in the world, the general economic outlook remains stable to positive for most Asian countries in 2017.[mepr-active membership=”1734″ ifallowed=”show” unauth=”message” unauth_message=”Please login or purchase a membership to view full text.”] We have summarized the economic outlook from the latest Global Economic Prospect Forecast of the Worldbank in the table above.
Accordingly, Indonesia, Vietnam, China, Philippines, and India are expected to have GDP growth rates between 5 and 8 percent in 2017. Australia, Thailand, and Malaysia are forecasted to have growth rates of 3 to 5 percent this year. While small growth rates between 2 and 3 percent are predicted for Hong Kong, Singapore, Taiwan, New Zealand and South Korea in 2017.
A look at the trends of the GDP growth shows that India, South Korea, Singapore and Hong Kong are countries which will continue to grow steadily at almost the same rate as in the previous two years. Countries with increasing GDP growth rates are Philippines, Indonesia, Thailand, Australia and Taiwan. While GDP growth rates will slow down in China, Vietnam, Malaysia, New Zealand and Japan in 2017.
Not all developments in the real economy will have immediate effects on the capital markets. However, we will very likely have a good remaining year ahead on the financial markets in Asia if the GDP forecast will proof to be correct.
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