1H2017 Review: Korea

1H2017 Review: KoreaSouth Korea’s long-running political upheaval ensured that 2017 kicked off amid controversy. The very first day of the year saw president Park Geun-hye denouncing her impeachment by the National Assembly. However, on March 10, the Constitutional Court upheld the ruling, ending a presidency mired in controversy since Park’s election in 2012. Park was then arrested…

1H2017 Review: Japan

1H2017 Review: JapanFor Japanese Prime Minister Shinzo Abe, 2017 has been the year that his political credibility came into doubt. A poll conducted by the Mainichi Shimbun newspaper on June 17 and 18 showed that Abe’s approval rating fell 10 points to 36%, and the rate of disapproval reached 44% - his first net negative rating since…

1H2017 Review: Singapore

1H2017 Review: SingaporeSingaporean politics was rocked in June by Prime Minister Lee Hsien Loong’s siblings, who accused him of abusing his power. Their main grievance concerned what they considered the prime minister’s efforts to acquire and preserve the family home. His actions, they argued, ran contrary to the dying wishes of their father, Lee Kuan Yew, who…

1H2017 Review: Taiwan

1H2017 Review: TaiwanTaiwan’s gross domestic product is headed for its fastest clip since 2014, according to an economic think tank. GDP will probably exceed 2%, according to a forecast released in April by the Taiwan Institute of Economic Research (TIER). Darson Chiu, deputy director of macroeconomic forecasting at TIER, said the figure is not necessarily “a very…

Economic Outlook 2017: Thailand

Economic Outlook 2017: ThailandThailand’s economy is poised for modest growth in 2017 as solid domestic spending is expected to offset weaker export growth. Confidence is expected to return as the country puts a long period of mourning its late King Bhumibol Adulyadej behind it and rallies around Vajiralongkorn, his successor. “The Thai economy shows signs of a nascent…

Economic Outlook 2017: Hong Kong

Economic Outlook 2017: Hong KongSlow economic growth, rising wages and prices, political instability, lower property values, confrontation between the United States and China over trade or security, and Mainland interference in the rule of law are just some of Hong Kong’s concerns going into 2017. “Headwinds remain from weak global growth, local property tightening measures, a more aggressive Fed…

Economic Outlook 2017: Taiwan

Economic Outlook 2017: TaiwanTaiwan’s economy is expected to continue its recovery in 2017 on the back of a pick-up in exports as the global economy improves. However, the upward trend is expected to remain gradual due to an uncertain international and domestic political environment. According to the government’s Directorate-General of Budget, Accounting and Statistics, Taiwan’s economy got back…

Economic Outlook 2017: Philippines

Economic Outlook 2017: PhilippinesA weakening currency was not enough to stop the Philippines posting gross domestic product growth of 7.1%, one of the fastest in the world. The peso fell 5%, hitting a seven-year low in September 2016. However, this has been widely seen as a strength, boosting revenue from overseas workers’ remittances and making the country’s outsourcing…

Economic Outlook 2017: Korea

Economic Outlook 2017: KoreaSouth Korea kicked off the new year under a political cloud with President Park Geung-hye suspended from office after her December 2016 impeachment over alleged corruption and influence peddling. The scandal has extended into the economy after accusations that Park colluded with a long-time confidante, Choi Soon-sil, to pressure Samsung and other Korean conglomerates, or…

Economic Outlook 2017: Japan

Economic Outlook 2017: JapanFueled by fiscal stimulus measures and a depreciating yen following the U.S. presidential election, the Japanese economy is expected to grow moderately in 2017, albeit with downside pressure persisting in public debt and wage growth. The Organization for Economic Cooperation and Development warned in November 2016 that faster economic growth was essential to help Japan…
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