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…

Economic Outlook 2017: China

Economic Outlook 2017: ChinaChina’s economic challenges and risks are expected to mount this year as the country continues to pump in credit to keep growth from skidding to a halt. After last year’s gross domestic product growth of 6.7%, the International Monetary Fund upgraded its 2017 forecast to 6.5 % – 0.3% higher than its October 2016 estimate…

Economic Outlook 2017: Indonesia

Economic Outlook 2017: IndonesiaGiven Indonesia’s 2016 performance, in which fiscal reform, accommodative monetary policy and key market factors combined to produce gross domestic product growth of 5.1 percent, the question for 2017 is, "Can it happen again?" The Indonesian government remains cautious, setting a target of 5.1% GDP growth for this year, while the World Bank’s estimate is…

Economic Outlook 2017: India

Economic Outlook 2017: IndiaIndia will be hoping for stability in 2017 after it was put through the wringer last year, with a number of natural disasters, including widespread floods and earthquakes. In addition, the country suffered a bloody terrorist attack on security forces and a number of fatal train derailments. But perhaps the biggest shock was economic, and…

Economic Outlook 2017: Australia

Economic Outlook 2017: AustraliaThe year 2016 was one of red flags for the Australian economy. The mining industry boom is long past and Australia has been struggling to rebalance and attract investment into new industries. After 25 years of growth, the so-called Lucky Country recorded a 0.5% year-on-year contraction in gross domestic product in 2016’s third quarter, illustrating…