The Asia Economist: Where are we in the cycle?
Michael SpencerAsian economies have, collectively, grown at a remarkably stable rate over the past five years.
Asian economies have, collectively, grown at a remarkably stable rate over the past five years. Twenty-six consecutive quarters of GDP growth between 6% and 7% despite an occasionally challenging external environment – including the euro crisis, a volatile Japanese economy and large variations in energy prices – was a much better outcome than we, and we dare say most other observers, had expected.
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