GRADUAL RECOVERY IN INDONESIAN INTERNAL DEMAND.
Indonesias climate of improved geopolitical and macroeconomic
stability bodes well for a moderate rebound in private sector demand for
goods and services in late 2003 and 2004.
Consumer price . . .
JAPANESE EXPORTS ESSENTIAL TO RECOVERY.
With internal demand for goods and services showing no sign of
recovery, the key to Japanese industrial expansion this year and next
hinges on increased export sales.
A rebound in exports to the . . .
AUSTRALIAN CONSUMER CONFIDENCE WAVERS.
Australian consumer confidence slipped earlier this year and is
contributing to soft demand for high-end goods and services. The
drop-off in demand for high-end services will be further exacerbated . . .
FIRM PRIVATE DEMAND IN NEW ZEALAND.(retail sales in New Zealand
had better than expected growth in 2003's first quarter)(Brief
A
Retail sales in New Zealand grew at a healthier pace than expected
during the first quarter of 2003. At this point it appears that the
anticipated negative impact of the Iraq war on private sector . . .
PAKISTAN'S URBAN CONSUMPTION RISES.(Brief Article)
Private sector demand in Pakistans major cities showed surprising
resilience over the past year and should rise in excess of 5 percent
year-on-year through 2004. Upward momentum in orders will . . .
INDONESIAN ELECTRICAL DEMAND UNMET.(Brief Article)
The depth of Indonesias power generation crisis manifested itself
last September when Jakarta was plunged into darkness for hours.
Concerns regarding power availability will put downward pressure . . .
CHINESE SALES LOSING THEIR LUSTER.(China's economic growth
projections are slowing)
The combined impact of the Iraq war, sever acute respiratory
syndrome (SARS), and the global economic slowdown is putting a dent in
Chinese economic growth projections for 2003. Gross domestic . . .
INDIAN COMMERCE HURT BY LACK OF VAT.(Brief Article)
It appeared that April of this year would bring the governments
10-year campaign to establish a national value added tax (VAT) to a
successful conclusion, but the presidents announcement . . .
KOREA'S PRO-CYCLE INTERNAL DEMAND RAISES VOLATILITY.
Demand for Korean goods and services is faring well by Asian
standards, yet the tendency of Korean internal consumption to mirror
export cycles adds an undesirable degree of volatility.
In most . . .
CHINA'S ROLE AS A CONSUMPTION HUB.(to become largest
importer of Asian goods by 2005)
Assuming that China's economic expansion remains on track, it
will emerge as the largest importer of Asian goods by 2005. Burgeoning
trade surpluses with the European Union and the United States . . .
RISING ASIA PACIFIC OIL DEMAND.
Rising oil prices tend to have a double negative effect on demand
for goods and services offered by nations of the Asia Pacific region.
The direct negative impact on income is 0.15 to 0.2 percent . . .
MIXED SIGNALS ON NEW ZEALANDAES PRIVATE CONSUMPTION.(Brief
Article)
Firm internal demand for New ZealandAEs goods and services
contributed to healthy GDP growth of 4.4% during 2002, but several
factors portend a dip in private sector consumption during the . . .
PAKISTANAES INTERNAL DEMAND HOLDS STRONG.(Brief Article)
Healthy internal demand for basic goods and services in Pakistan is
contributing to estimated GDP expansion of 4.5% during the current
fiscal year (July 2002 through June 2003).
The combined . . .
TROUBLING SCENARIOS FOR THE KOREAS.(Brief Article)
Rising international concern over North KoreaAEs apparent attempt
to press forward with nuclear arms development promises to undermine
household and industrial confidence in South Korea as 2003 . . .
AUSTRALIAN CAPITAL SPENDING RISES.(Brief Article)
AustraliaAEs industrial sector remains resilient in spite of the
global economic slowdown and the prolonged drought at home. Capital
spending should show year-on-year growth of 6 to 10 percent . . .
NO TRIGGER FOR HONG KONG CONSUMPTION.(Brief Article)
Hong KongAEs internal demand for goods and services remains week,
but an upsurge in foreign shoppers should give upscale retailers a
boost. Since 1997, real wages have declined in the range of 20 . . .
INDONESIAAES STRUGGLING CONSUMER BASE.(Brief Article)
During 2003, signs of improved macroeconomic and geopolitical
stability have emerged in Indonesia, yet underlying problems of
corruption and weak governance remain. As a result, the well-being . . .
TAIWANESE SPENDING REMAINS DEPRESSED.(Brief Article)
There is little to motivate Taiwanese consumers to increase
spending this year, even though macroeconomic factors affecting
consumption are generally favorable. Consumer price inflation . . .
JAPANESE INTERNAL DEMAND WANES.
There is no reason to believe that Japanese household demand for
goods and services will increase significantly during 2003. Wages
declined 2.4 percent during 2002 and the downward trend should . . .
ASIAN HOUSEHOLD CONSUMPTION GAINING MOMENTUM.
A convergence of demographic, economic, and social factors in Asia
portends sustained growth in household consumption over the next decade.
Rising demand for consumer goods and services in China . . .
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