Write a review paper on the given article

Assignment Help Microeconomics

Reference no: EM13826283

Question-

Read this short newspaper article and analyze the issue

Write up in words - 1400

Demand for Singapore, Asian exports to rise next year: UOB

By Mok Fei Fei

Developed economies will likely see moderate growth next year, giving a boost to export-oriented Asian nations such as Singapore, according to analysts at United Overseas Bank (UOB). Head of economic treasury research Jimmy Koh, at a briefing yesterday, said: "We are going into 2014 not in a runaway situation, not an exciting growth environment, but (it is) more of a moderate environment." Citing improving United States housing and employment data, UOB forecasts US growth to come in at 3 per cent next year. Sustained US economic growth is likely to increase the US' appetite for Asian products, benefiting Singapore, Malaysia, Indonesia, Thailand and China, which have strong export markets. A firmer US dollar, which makes Asian goods and services cheaper, is also going to help lift Asian exports. UOB expects the greenback to strengthen against most Asian currencies as the US Federal Reserve is likely to withdraw its bond-buying programme next March. Besides the US, improved business confidence in Europe and Japan could lead to an increase in foreign corporate investments in high-growth Asia. But one danger looming on the horizon for Asia is rising household debt. In Singapore, household debt as a percentage against its gross domestic product rose from 64.4 per cent in 2007 to 76.1 per cent last year, largely due to home purchases. Also over the same period, China's household debt percentage increased from 19.7 per cent to 23.1 per cent while in Malaysia, it jumped from 65.9 per cent to 80.5 per cent. "Every crisis is the result of overleverage. In 2008, it was American banking overleverage; in 2012, it was European sovereign overleverage. If we are not careful, the next crisis in years to come will be Asian consumer overleverage," said Mr Koh. On equities, UOB Asset Management's head of multi-asset strategy Anthony Raza said he expects the local stock market to see gains of 6 per cent to 7 per cent next year.

[email protected]

Additional Information-

The question is about a newspaper article which is talking about the opportunities in store for Asian export oriented economies such as Malaysia, Singapore, Indonesia, China and Thailand. The news article says that foreign investments in the regions of south-east Asia can improve and can lead to decreased unemployment, job opportunities and economic growth in the region. The answer discusses this in further detail.

Word limits- 1500

Reference no: EM13826283

Questions Cloud

What is the clean price of the bond : You purchase a bond with an invoice price of $1,120. The bond has a coupon rate of 8.5 percent, semi annual coupons, and there are three months to the next coupon date. What is the clean price of the bond?

Privacy of an individual at work place : This problem relates to Management and it deals with privacy of an individual at work place. The problem deals with whether or not individual privacy is more than significant than any other consideration in the work place

Fixed costs increase before accounting profits turn negative : A project currently generates sales of $11.8 million, variable costs equal to 50% of sales, and fixed costs of $4 million. The firm’s tax rate is 50%. The project will last for 10 years. The discount rate is 10%. How much can fixed costs increase bef..

Fixed costs increase before npv turns negative : A project currently generates sales of $11.8 million variable costs equal to 50% of sales, and fixed costs of $4 million. The firm’s tax rate is 50%. The project will last for 10 years. The discount rate is 10%. If project NPV under the base-case sce..

Write a review paper on the given article : The question is about a newspaper article which is talking about the opportunities in store for Asian export oriented economies such as Malaysia, Singapore, Indonesia, China and Thailand.

Hard-pressed airlines move to cut capacity : Hard-pressed airlines move to cut capacity, The Financial Times; Published in May, 2, 2011.

Impact of economic socio-cultural and technological factors : Impact Of Economic Socio-cultural And Technological Factors On Marketing Mix

Calculate the concentration of oxalic acid solution : Calculate the concentration of oxalic acid solution also show investigating a prepare a standard solution for volumetric analysis

Higher prices make box-office debut : Higher Prices Make Box-Office Debut, The Wall Street Journal; Published in Mar, 25, 2010.

User Account

All Pages