Although economic growth in Asia remains robust, an
interest rate cut in Australia and reduced economic growth estimates highlights
the extent to which the economic troubles of Europe and the United States are
spilling into the region. Trade and financial activity have already started to
weather the turbulence in Europe and they risk being diluted further if the
European debt crisis become an economic crisis.
According to financial analysts at Mizuho Financial Global, “The economic climate is changing very rapidly, not just weekly and daily, but hourly. Growth forecasts for the region — which includes China and much of Southeast Asia — dropped to 7.2 per cent, from a previous estimate of 7.5 per cent and it could go as low as 5.4 per cent if the West’s troubles intensify and tips the United States and Europe back into recession. However, there are hopes of at least a modest improvement in the United States after some better-than-expected manufacturing and jobs data, although unemployment remains obdurately high.
European policymakers are to gather in Brussels to create a solution to the Eurozone’s sovereign debt problems, as over the last few weeks the crisis has spread beyond the peripheral Eurozone nations and taken hold in larger economies like France and Italy, which has severely dented investors’ confidence. This rapid corrosion has prompted a number of support measures from the financial institutions and the European Central Bank has lowered interest rates and is soon expected to do so again.
The Asia-Pacific region is not so laden with high government and household debt levels as Europe and the United States, and Asian banks have little exposure to European debt. However, the region depends on Western markets for its products but economic growth in China has decelerated as Beijing tries to cool down markedly rapid growth. Analysts at Mizuho Financial Global say that trade in Asia is now being affected by reduced economic activity in Europe, with the joint problems of sovereign credit and the banks, which is likely to put the dampeners on economic activity over the period ahead.
About Mizuho Financial Global:
Mizuho Financial Global is an independent, full-service brokerage, wealth management and business management concern dedicated to providing pioneering capital appreciation and wealth preservation solutions to affluent individuals and families and businesses.
Without exception, they place the welfare of their clients first and foremost and they take great pride in knowing that they are the first port of call for their investment and financial affairs. They constantly exceed our clients’ expectations by going the extra mile to deliver the service and, most importantly, the returns on investment their patronage demands.
Contact:
Address: SHINAGAWA CRYSTAL SQUARE BLDG. Suite No. 901,
1-6-41, Kounan, Minato-ku,
Tokyo, 108-0075
JAPAN
According to financial analysts at Mizuho Financial Global, “The economic climate is changing very rapidly, not just weekly and daily, but hourly. Growth forecasts for the region — which includes China and much of Southeast Asia — dropped to 7.2 per cent, from a previous estimate of 7.5 per cent and it could go as low as 5.4 per cent if the West’s troubles intensify and tips the United States and Europe back into recession. However, there are hopes of at least a modest improvement in the United States after some better-than-expected manufacturing and jobs data, although unemployment remains obdurately high.
European policymakers are to gather in Brussels to create a solution to the Eurozone’s sovereign debt problems, as over the last few weeks the crisis has spread beyond the peripheral Eurozone nations and taken hold in larger economies like France and Italy, which has severely dented investors’ confidence. This rapid corrosion has prompted a number of support measures from the financial institutions and the European Central Bank has lowered interest rates and is soon expected to do so again.
The Asia-Pacific region is not so laden with high government and household debt levels as Europe and the United States, and Asian banks have little exposure to European debt. However, the region depends on Western markets for its products but economic growth in China has decelerated as Beijing tries to cool down markedly rapid growth. Analysts at Mizuho Financial Global say that trade in Asia is now being affected by reduced economic activity in Europe, with the joint problems of sovereign credit and the banks, which is likely to put the dampeners on economic activity over the period ahead.
About Mizuho Financial Global:
Mizuho Financial Global is an independent, full-service brokerage, wealth management and business management concern dedicated to providing pioneering capital appreciation and wealth preservation solutions to affluent individuals and families and businesses.
Without exception, they place the welfare of their clients first and foremost and they take great pride in knowing that they are the first port of call for their investment and financial affairs. They constantly exceed our clients’ expectations by going the extra mile to deliver the service and, most importantly, the returns on investment their patronage demands.
Contact:
Address: SHINAGAWA CRYSTAL SQUARE BLDG. Suite No. 901,
1-6-41, Kounan, Minato-ku,
Tokyo, 108-0075
JAPAN
Telephone: +81-3-5782-8708
Facsimile: +81-3-5782-8707
http://www.mizuhoglobal.com
info@mizuhoglobal.com
Facsimile: +81-3-5782-8707
http://www.mizuhoglobal.com
info@mizuhoglobal.com
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