Asian Indicators Mask Internal Weakness
Bareksa • 17 Jul 2014
Improving external indicators, such as robust trade balances and competitive currencies, are disguising flaws that threaten Asian economies from the inside. (REUTERS/Andy Mukherjee)
Credit lead growth for the past few years is clearly reaching its limit.
Bareksa.com - China's second quarter GDP may have been right on the government's 7.5 percent full-year target. Still, there is no denying that 2014 expansion in China will be the slowest in more than two decades. Now more broadly we see this across Asia. Now the consensus forecast for 2014 Asian growth has fallen by almost one full percentage point since early last year. Now it's about six percent. (Source : Reuters)