Asia to power global growth – Standard Chartered

Sandeep Kanihama FXStreet Contributor

Analysts at Standard Chartered point out that while Asian economies’ performance has been robust, other regions have disappointed.

Key Quotes

“Global growth in recent years has been weaker than our 2010 projections, leading us to lower our 2010-30 annual growth forecast to 3.1% from 3.5%.”

“We continue to expect Asia, led by China, to power global growth. Seven of the top 10 economies in 2030 (in PPP terms) will likely be current emerging markets. We estimate that India and Indonesia will join China in the top five.”

“Productivity growth is a key differentiator across economies. Weak productivity growth in some economies seems to be linked to slowing reform momentum since the global financial crisis. Pressure to reform is returning now that the QE era is over. Ageing populations will increasingly weigh on global growth.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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