In mid-February, China’s government announced the plan for the Greater Bay Area where Hong Kong also is included.
Points of View & Perspectives
China is more exciting than usual these days. The party congress has approved a range of new stimulus initiatives that should prevent the GDP growth from dropping too much. Really interesting is the VAT and tax relief for corporations, where the financial market initially expected a total relief of around 1,400 billion yuan, but will turn out to be as …
It has been an ongoing discussion since last August as to when the US economy will enter a recession, though it seems it will take something big to knockout the world’s largest economy.
With fewer babies currently being born in China compared to earlier years, it is expected to affect demographic development in the long-run, but it will immediately impact the Chinese consumption pattern.
Dutch central bank governor Klaas Knot found himself amidst some media attention last Tuesday, the 12th February, as he went through a metamorphosis of being a monetary hawk to becoming a dove.
The German government started the year by lowering the expectations for the GDP growth this year to 1 pct. It comes after several economic organizations have corrected and lowered their expectations. However, 1 pct. is remarkable, as the German central bank has announced shortly before Christmas of a somewhat higher estimate and even predicted rising growth GDP growth rates this …
Tuesday last week, the British parliament took another debate about the Brexit, including a new round of ballots in an attempt to find a way forward, though that didn’t change much.
China is again in the headlines with fears of lower growth– this will happen for sure, but the long-term change in consumption in China becomes a much greater challenge.
A global long-term development, or mega trend, appears to have accelerated through 2018 and the speed currently continues, opening-up new opportunities.
Just before Christmas, the German central bank published its monthly report with a bright outlook for the German economy several years ahead – but that was not enough to reassure the financial markets.