Description

Economies of the Rest of World (RoW) countries including Australia, Argentina, Japan, and South Korea are expected to grow moderately in H2 2015. A modest improvement in labor market conditions is expected to drive growth in Japan. Trade and investment scenario appears to be bullish in Australia in the second half of 2015 after it has signed the long impending free trade agreement with China (its biggest trading partner). In Argentina, consumers and investors are optimistic about impending policy changes following the October 2015 presidential elections. Challenging global conditions (subdued global demand and a relatively weaker Japanese yen) continue to dampen the performance of South Korea’s export-driven economy in H2 2015.