Return to our Home page Search
Click here for the hotel and hospitality news from around the globe Hotel, Travel and Hospitality Articles Videos and in-depth Interviews
CONCIERGE DESK
Read more now
Read more now
Read more now
Shift in economic gravity from west to east: THE biggest gamechanger.
Wednesday, 25th June 2014
Source : DBS Bank Ltd
 

Since Lehman Brothers collapsed five years ago, Asia has added one-and-a-quarter Germanys to the world’s economic map, in terms of GDP growth.

Even with China’s slower growth, Asia now puts a Germany on the map every 3.5 years. The time it takes to do so is shrinking every year.

Over the next 25 years, Asia will add three Eurozones to the global economy. In 2039, it will be creating a Germany every seven months.

The shift in economic gravity is the biggest structural change underway in the global economy today.

That makes it the biggest gamechanger of all.

4Hoteliers Image Library

www.dbs.com

~ Important Notice ~
Articles appearing here contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.

Learn more about DigiJames - in room technology
Advertisment  
 Related News  (Click title to read article)
Singapore still best country for business.
China remains a key focus in Dubai's tourism strategy.
OTAs are 'Lazy Business' says Industry Lawyer.
Boost in Chinese household consumption by 2020.
 Latest News  (Click title to read article)
TripAdvisor adds Uber to app
Friday, 22nd August 2014

Majority of Americans say they would vacation without staying connected
Friday, 22nd August 2014

Most devoted hotel brands revealed
Friday, 22nd August 2014

European tourism - strong growth
Friday, 22nd August 2014

New World Millennium Hong Kong Hotel debuts
Friday, 22nd August 2014

© Copyright 4Hoteliers 2001-2014 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here

Use of this web site is subject to our
terms & conditions of service and privacy policy