2020 outlook: Blue skies or storms ahead?

I think the year 2020 will have both blue skies and stormy weather. Since I am an optimist, let me begin with the three positive trends and developments.

The first positive trend that I believe will continue this year is the steady rise of North-east and South-east Asia. Although China's growth rate has come down to about 6 per cent, this is still about three times faster than the United States' growth rate and five times faster than the European Union's growth rate. If this trend continues, it is a matter of time before the Chinese economy will surpass that of the US economy in size.

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

A version of this article appeared in the print edition of The Straits Times on January 14, 2020, with the headline '2020 outlook: Blue skies or storms ahead?'. Subscribe