In its recent Global Economic Prospects report, the World Bank downgraded its 2015 global GDP forecast to 3.0 percent (from 3.4 percent in June 2014). However, FSG believes that their global forecast of 3.0 percent is still too optimistic, particularly in some key emerging markets. For example,…
In his speech at the World Economic Forum’s annual meeting in Davos last month, Chinese Prime Minister Li Keqiang emphasized again that the world’s second-largest economy will not suffer a hard landing and that China is ready to endure reduced GDP…
The story of a country’s development is often one of its companies’ evolution; ASEAN’s resilient performance over the past decade has allowed many of its local companies to rapidly expand across the region and beyond, giving birth to numerous multi-ASEAN…
The manufacturing sector will play an important role in ASEAN’s economic development for decades to come, the same way it has for other Asian nations (Japan, South Korea, China) where vast populations have moved from less productive agrarian work to more…
ASEAN’s 80/20 Wealth in Southeast Asia remains highly concentrated. If ASEAN’s five major emerging markets (the ASEAN-5) Indonesia, Thailand, Malaysia, the Philippines, and Vietnam were assumed to be one big country and their provinces in this imaginary mega-nation were compared…
“Back to the future” Despite recent volatility, emerging markets remain in traditional positions within the global economy. As in the past many emerging markets can be characterized as low-cost production and export hubs, with favorable exchange rates, cheap company valuations,…
Turkey had a strong 2011, with GDP growth exceeding 8% for the year. However, we expect a noticeable slowdown in 2012 to 1.7% YoY. The main drivers of the slowdown are weakening industrial production as eurozone demand for Turkish exports…