Asia’s fastest growing economies
Whilst Russia’s markets are fluctuating in line with international opinion, I want to turn attention to a new EIU report released earlier this month on Asian economic growth. As a cursory look over my previous blogs will show, I believe China reigns as the leading global economy, and the EIU’s latest report only confirmed that its economy is in a league of its own. Even with its vast size, it is still predicted to expand a further 7% next year.
What was interesting in the EIU’s special report was how some unlikely Asian characters have faster growing economies than China. For example, it foresees Papua New Guinea will be Asia’s fastest growing economy; the market is predicted to achieve 14.85% growth next year thanks to new energy exports.
For further information check out the article, as the graphs explain the situation far better than I ever could!