When we look at the countries with the strongest growth in the world, much of our attention is drawn to Asia. Within the continent, investors will find a few regions that are experiencing significant growth and prosperity. Among these are a group of emerging markets that include China and India, as well as the United Arab Emirates.
Regardless of their status as an emerging market, these countries/regions are performing better than most of the world’s “economic leaders,” and in doing so, are making big contributions to global growth. Without their economic performance since the Global Financial Crisis, the world would not have experienced such a smooth road to recovery.
The Chinese economy, the world’s second-largest behind the United States of America, grew 6.9 percent in the first quarter of 2017. In a remarkable sign of strength and stability, China has recorded five consecutive quarters of growth of either 6.7 percent or 6.8 percent. In February 2017, China unexpectedly posted its first trade gap in three years. This upbeat import reading reinforced the growing view among analysts that economic activity in China has picked up in the first two months of 2017.
According to the Central Statistics Organisation (CSO) and International Monetary Fund (IMF), India has emerged as the fastest growing major economy in the world. Despite the uncertainties in the global market, the Economic Survey 2015-2016 has forecast that the Indian economy will grow by more than seven percent for the third successive year in 2016-2017, and is likely to begin growing at eight percent or more in next two years.
United Arab Emirates
MEED’s annual UAE Outlook Report the UAE will see real GDP growth rise to between four and five percent a year, from 2017- 2020. This is compared with approximately three percent growth in 2016. The UAE’ economy is well-diversified and supports large and experienced corporations active in regional and global markets. Moreover, the banking system is solvent, liquid, and well-managed.
For investors looking for a break from the uncertainty and volatility of Brexit predictions in Europe and Trump forecasts in the U.S., Asia’s economic leaders continue to offer a more appealing investment environment. Their leading industries, like container shipping and manufacturing, continue to demonstrate growth and are fueling prosperity on the continent, and around the world.