Macroeconomics

Malaysia is striving to become to a developed nation by 2020, and in line with this, the Economic Transformation Programme (ETP), launched in 2010, aims to help Malaysia attain the status of a high-income nation by 2020. The ETP is expected to attract investments worth $444 billion during 2010–2020. Despite the anticipated negative effects of wea...

Vietnam's GDP growth declined in 2012. Government efforts to revive growth include increased lending and implementation of reforms. Vietnam has set a target of becoming an industrialized nation by 2020. Manufacturing, and information and communication technology (ICT) sectors are expected to play a key role in Vietnam’s transition to an industria...

Indonesia is witnessing a growing middle class population, which shielded the economy during the global economic downturn. Growth stood at 6.2% in 2012. The country has, however, been witnessing a deteriorating trade deficit and sliding rupiah since 2012, and a tight monetary policy has been pursued in 2013 to correct these factors and put Indonesi...

Growth in BRICS economies is likely to remain subdued in Q4 2013 and early 2014 more due to internal weaknesses than external factors. Low consumption demand alongside public sector inefficiencies will hamper the economic growth of Brazil. Russia’s GDP growth is likely to stagnate and consumer price inflation will remain above the target level o...

Emerging APAC will experience restrained growth in the latter half of 2013 due to the persistent uncertainties in the global economy. However the trade balances are likely to improve owing to a gradual rise in the external demand. Rising private consumption demand will remain the main driver for the manufacturing growth in the region. The oil expor...

Australia, Argentina, Japan, and South Korea have been classified as Rest of World (RoW) countries in this study. Sluggish economic recovery, the ongoing economic slowdown in the European region, weakening internal demand, and slow industrial growth are the major areas of concern for RoW countries. Domestic demand is expected to play a critical rol...

India’s economic and industrial growth experienced a sharp decline in 2012, owing to the weak global economic scenario since India exports nearly 60% of its goods and services to US, Europe and Japan. Investment demand is expected to respond to a stable monetary policy regime and spur growth and business confidence in 2014. The Twelfth Fiver Year...

In Australia, weak commodity prices, a strong Australian dollar and low business sentiment will dampen economic activity in H2 2013. Weak investment in mining and manufacturing is likely to keep the Australian economy sluggish. In Argentina, policy easing is expected to boost domestic demand conditions and help rebound the business confidence. Aggr...

Brazil, Russia, India, China, and South Africa are expected to register a moderate growth in H2 2013 owing to restrained industrial growth, sluggish recovery in exports and lackluster domestic demand. The competitive advantage of low costs in the BRICS economies will also continue to decline with the rise in labor costs. Increase in interbank borro...