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.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you