2010 is the year of the Tiger in Asia.
It also may be Asia’s decade. This is true in many ways.
Asia is leading the world out of recession, as the figures below show. A ‘1’ ranking is best. Countries with strong GDP growth will have businesses growing and adding jobs.
A recent article in the ‘Economist’ reviews a Manpower study that looks at which countries will seek strong job growth in 2010. China, India and Singapore will see strong 2010 job growth. Europe will not.
http://www.economist.com/daily/chartgallery/displaystory.cfm?story_id=15677079
‘Economist Intelligence Unit’ research indicates that in 2009, Asia had:
- 34% of the total global stock market capitalization
- 34% of the world’s economy (using Purchase Power Parity)
- 60% of the world’s population
- 33% of the world’s retail sales
- 35% of the world’s car sales
- 43% of the world’s mobile phone sales
- 40% of new global investment
This trend is expected to continue and by 2020 Asia may produce 50% of the Western multinationals’ sales and profits.
