There's no way any new government will want to push through privatization. Whatever the end game looks like, the paralysis in terms of economic policies is still a threat.
There's no way any new government will want to push through privatization. Whatever the end game looks like, the paralysis in terms of economic policies is still a threat.
Overall it's still good. It will continue to expand at a blistering pace for at least the first half.
We think fourth-quarter GDP figure will be very weak. Car sales plunged following the very aggressive rate tightening and fuel subsidy cuts.
A strong tech recovery is lifting fourth-quarter manufacturing and GDP growth. Pharmaceuticals have also come back with a vengeance in the second half, after languishing in the first half.
It's the relative-competitiveness angle. If China has a currency that is going to appreciate, then your currency becomes more competitive relative to China and your exports should do better.
© 2020 Inspirational Stories
© 2020 Inspirational Stories