Question

Evaluate the economic prospects for Latin America, Asia (China and India) and Europe.

Answer 1

Economic prospects of any country depends upon the economic wether in country as well as globally, investors mood, business cycle etc.

As far as Latin American countries ( Mexico, Brazil, Argentina) has taken steps which will strengthen their economies. The steps involved are reassessment of their trade agreement . This is because trade basket for Latin American countries has changed in the recent past. Also global economy has seen turn around there has been increase in aggregate demand all around, investment is pouring into these countries. Government has also taken comprehensive steps to strengthen their economies.

In Asia ( China and India) prospects look good. One factor is increased global demand . Also government has taken number of steps like China is investing a lot in infrastructure projects , their government decision to move away from consumption led growth to investment lead growth.

In India government come with agenda to reform it's economy . Government took several steps to boost their e cc onomy like Make in India, soaps to investors, implementation of GST, demonization etc.

Ecrope has recovered from the slowdown and European economy has shown improvement with increased growth rate , appreciated Euro, increased trade, increased investment etc.

* Major factor for all countries is global improvement in demand.