'Goldilocks' effect achieved
Steady growth ahead
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2018 will mark the first year of a new China era that is totally under the control of Xi Jinping’s team. They clearly have big plans and the challenges are equally immense.
The Hong Kong economy is expected to grow steadily by 2.5% in 2018 due to strengthening domestic demand and an improving global outlook.
Cyclical forces (twin balance-sheet stress and weak trade) and structural changes (expedited formalisation) have hurt India’s growth in the past few years.
We expect GDP growth to pick up slightly to 5.3% and 5.4% in 2018 and 2019, respectively.
After two consecutive years of sub-par growth, the economy is finally on a firmer footing.
The Japanese economy has finally returned to steady growth after a prolonged slump. GDP growth has stayed at about 1% for three consecutive years since 2015.
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