NIEs' 3.5% GDP Growth Forecast Too Optimistic: Capital Econ

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Mani
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Despite IMF's or the consensus forecast that Newly Industrialized Economies' (NIEs) GDP would grow around 3 -3.5% over the next five years, analysts at Capital Economics believe that the forecast almost “certainly looks too optimistic” and the NIEs will more realistically grow only around 2-2.5%.

Gareth Leather & Andrew Wishart said in their March 8 research note titled “Life in the slow lane for Asia’s Tiger economies” that they believe a sharp decline in the working age populations of the NIEs looks inevitable.

NIEs to grapple with a plethora of unfavorable demographic changes

Leather and his colleague believe a combination of unfavorable demographic changes...

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports