Facebook Pixel Code
x
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Asias Slowdown and British Consumers

This is a preview of the 8-page document
Read full text

Prepare the possible victims as they look for other ways out of the situation; hwever, tis would also require countries in Asia to liaise with the international policy makers. Cina seems to have a good idea, ad one would think that this is going to be easy for them especially with the current economic status, bt after evaluating the forecasts of the target growth rate with the current one, i requires more efforts (Pilkington 2014). Esentially, Cina aims at reducing its growth to slightly below 8%, bt most that due to lack of utter control the reduction will go up to 6%.

Dfinitely, tis is a joy for competitors in other continents because for some time now, eery country has set its prospectus to the level of China in terms of growth and the economy in general. Hwever, te happiness might be short-lived because China’s growth rate is definitely higher that the numbers given and regions such as the US and the UK do not have even 5% as their highest percentage in the GDP of 2013 2014 quarterly (Hutchinson 2014).

Te fluctuation of China’s growth is uncertain because the local officials alter the data that they give the central authorities and most of the time they make it smooth with exclusion of major income divisions. Te status of Asia’s economy now remains unknown but one thing is for sure, i has slowed down with divisions such as electricity, bing the first victims of what some people refer to as a ‘possible recession’. Iitially, eectricity was among the leading products with an impressive growth in hwever, early 2014, te growth has reduced to levels previously recorded by China during its crisis six years ago.

De to the modernized ways of life through technology, te output of electricity does not match its consumption; mtter of fact, cnsumptions is way ahead of production, i has done more than slowing down. Te effects of this are also disturbing because the more the consumption of electricity continues to increase the more impact there is on the coal industry leading to closure of some of the plants due bankruptcy. Te and problems do not end with electricity consumption as indicated by the new housing costs that continue to fall since the end of last year.

Te local officials in China do not give the exact prices, i fact, tose used are the asking prices but it does not take an angel to know that this is paucity since countries such as Spain have experienced. ..

This is a preview of the 8-page document
Open full text
Close ✕
Tracy Smith Editor&Proofreader
Expert in: Macro & Microeconomics, Business, E-Commerce
Hire an Editor
Matt Hamilton Writer
Expert in: Macro & Microeconomics, Finance & Accounting, Management
Hire a Writer
preview essay on Asias Slowdown and British Consumers
WE CAN HELP TO FIND AN ESSAYDidn't find an essay?

Please type your essay title, choose your document type, enter your email and we send you essay samples

Contact Us