Asia's top emerging trade partners
Global trade will accelerate from 2014, according to the HSBC Global
Connections trade forecast. Supported by an earlier resumption of
economic growth within the emerging markets, HSBC has revised its
forecast and expects global trade to accelerate from 2014 rather than
2015.
Significantly, Asia-Pacific's annual trade growth will consistently
outperform the global average with the gap widening further over the
next 15 years. The forecast also expects China to overtake the US as the
world's largest trading nation by 2016.
Simon Constantinides, HSBC's Regional Head of Global Trade &
Receivables Finance, Asia-Pacific (ex Hong Kong and Macau), said: "Our
research provides clear optimism for the region's trade prospects in a
somewhat challenging environment.
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