Last week Singapore and Japan both reported stronger-than-expected economic growth, and this week Thailand and Taiwan followed the same trend. Thailand's GDP grew at the quickest pace in 10 years, expanding 3.6% in the fourth quarter. On a seasonally adjusted annualized basis, the Thai economy grew 15.3%.The pace in Taiwan was even more startling. Fourth quarter growth was 9.22%, yielding an annual growth of 18%.
U.S. companies like Huntsman and Goodyear are seeing dramatic growth in multiple Asian countries, and much slower growth in Europe and the U.S. Expect the trend to continue, with more and more companies attracted to high growth markets in lieu of smaller and slower economies.
Thailand, Taiwan Post Strong GDP Growth - WSJ.com
No comments:
Post a Comment