The bounce is on in the United States, with real GDP growth forecast to surge to 2.8% in 2010. And yet, the spike in headline growth will not translate into much better job conditions nor re-inflation of prices in the crucial real estate market. On this week’s podcast, Business Monitor Chief Economist Tim Cooper discusses… [Read more]
At the height of the crisis, BMI suggested that a story of ‘Three Asias’ – that of China and India, the domestic demand-driven economies and the trade-dependent states – would dictate the pace and virility with which the region would recover from the global downturn. A year on, Justin Patrie asks Rahul Ghosh, Head of… [Read more]
I have long believed that it is misleading to speak of ‘Asia’ as if it were one cohesive entity. Asia is a diverse region spanning more than two billion people with vastly different levels of economic development, political systems, histories and cultures. These differences are increasingly evident in how the region’s economies are faring in… [Read more]
The US Q1 GDP numbers released yesterday were, bluntly put, a horror show. They were not, however, wholly unexpected by yours truly — I had expected a slightly better but still dismal outturn compared with Q408′s -6.3% q-o-q annualised number. And that’s basically what we got: a -6.1% reading. Have a look at the underlying… [Read more]
