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November 30, 2012

Economist World in 2013 GDP Forecasts

The Economist World in 2013 is forecasting that China will have 8.6% GDP growth and 5.0% inflation in 2013. They project nominal GDP to be US$9.23 trillion.

Hong Kong is forecast to have a GDP of 404 billion.

Macau is projected elsewhere to have a GDP at the end of 2013 of $50 billion.

China (including Hong Kong and Macau) would have a GDP of US$9.68 trillion.

China finished 2011 with a GDP of US$7.31 trillion (47.2 trillion yuan)

In 2012, GDP growth is about 7.7% and inflation has been about 2%.
The currency has appreciated about 3.8%.
China should end 2012 with about US$8.34 trillion GDP.

India is forecast to have 6.5% GDP growth in 2013 and a GDP of US$2.195 trillion

Japan is forecast to have 1.2% GDP growth and a GDP of 5.74 trillion

The US is projected to have 2.1% GDP growth and a GDP of 16.33 trillion.

China would have 56% of the GDP of the US at the end of 2013. (up from 48% in 2011_.
China (including Hong Kong and Macau) would be 59% of the US economy at the end of 2013 (up from 50% in 2011).





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