NIEs' 3.5% GDP Growth Forecast Too Optimistic: Capital Econ
Despite IMF's or the consensus forecast that Newly Industrialized Economies' (NIEs) GDP would grow around 3 -3.5% over the next five years, analysts at Capital Economics believe that the forecast almost “certainly looks too optimistic” and the NIEs will more realistically grow only around 2-2.5%.
Gareth Leather & Andrew Wishart said in their March 8 research note titled “Life in the slow lane for Asia’s Tiger economies” that they believe a sharp decline in the working age populations of the NIEs looks inevitable.
NIEs . . .
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