“Declining European Demand for Asia’s Exports Compounds Sputtering Growth”

The European debt crisis is contributing to economic slowdowns across Asian countries in 2012. Both developed and developing economies, including China, Japan, India and South Korea, are experiencing drops in demand for their products. Compounding problems, European banks are pulling back on loans to Asian economies, hindering their access to credit.   There are problems for countries that are dependent on export-led growth when global demand slows. It is a case study in why Chinese leaders need to change the composition of national GDP away from exports (foreign demand) and more towards household consumption and business investment (domestic demand).

Video here.

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Filed under China, Developing Nations, Economy, Europe, India, Trade

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