Asia: Moderate growth slowdown to continue – ABN AMRO


Arjen van Dijkhuizen, senior economist at ABN AMRO, expects Asia’s regional GDP growth to fall from an average 6.2% in 2018 in annual terms to 6% in 2019 and 5.8% in 2020.

Key Quotes

“We expect the slowdown in China, (accounting for around 50% of emerging Asian GDP) to remain gradual. While China’s economy shows more signs of a serious cooling in recent months, the authorities continue with taking all kinds of offsetting measures.”

“We assume China’s real GDP growth to fall from 6.6% in 2018 to 6.3% in 2019, the lowest level since 1990 (see for more background our China Outlook for 2019, Stimulus offsets trade risks). We expect growth in India – the region’s second largest economy – to remain solid at around 7.5% and India to maintain the status of fastest growing giant, even though India is facing some political uncertainty with elections due in April.”

“We expect growth in global bellwethers such as Hong Kong and Singapore to slow by around 1%-point compared to the annual average for 2018, reflecting the expected slowdown in global trade and in main export destinations (e.g. US, China). All in all, we expect emerging Asia to remain a key engine of global growth, even though growth is gradually coming down.”

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD hits two-week highs near 1.11 amid trade hopes

EUR/USD is rising toward 1.11, trading at the highest since November 5. Hopes that a US-Sino trade deal may be reached are improving the market mood and weighing on the safe-haven dollar. 

EUR/USD News

GBP/USD reverses and hits fresh lows near 1.2910

The GBP/USD pair dropped from the highest level since Monday at 1.2969 to 1.2912, slightly above Asian session lows. The reversal took place amid a stronger US dollar across the board.

GBP/USD News

USD/JPY bounces-off 50-DMA but lacks follow-through

USD/JPY has bounced up from the 50-day MA support of 108.28. China's Vice Premier Liu He is cautiously optimistic about the prospects of the US-China trade deal. Related markets, however, are not buying Liu He's optimism, keeping the recovery in check. 

USD/JPY News

Gold: Remains vulnerable below 100-day SMA

Gold seems to have stalled its recent corrective bounce from three-month lows and witnessed a modest pullback from previous support, now turned resistance near 100-day SMA.

Gold News

Slow-motion Bitcoin battering continues amid interesting Tron chart, Pomp's PayPal comment

Bitcoin plunges below $8,00, dragging cryptos down. Thursday's trading is marked by a sea of red, without a single downward driver, but with an accumulation of downbeat developments. 

Read more

Forex MAJORS

Cryptocurrencies

Signatures