"Asia can grow without the US and without the consumption increasing in the US. Secondly, one of the drivers for economic growth in Asia, particularly in India, is the real estate market. But, in many countries including India, Vietnam and China there is hardly any mortgage market. So that can be expanded very dramatically. From within the country they can easily grow around 5- 6% without foreign trade and with foreign trade in my opinion around 7-8%.." says Marc Faber
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.