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By Anant Chandak BENGALURU (Reuters) - The Bank of Korea will keep its key policy rate unchanged for a sixth consecutive meeting on Oct. 19 but mainta...
HSBC Holdings has stated that India's recent economic gains are unlikely to surpass China as the main growth engine of the world economy in the near future. HSBC expects the gap between the two economies to widen, reaching $17.5 trillion by 2028. The bank highlights the difference in consumption and investment trends between the two countries. Although India is expected to contribute significantly to global demand for commodities, consumption, and capital goods, it will take another 18 years for India's investment spending to catch up to China's.
India Business News: HSBC expects the gap between India and China economies to continue to widen in the foreseeable future, expanding to $17.5 trillion by 2028, based on I
HSBC's annual market outlook workshop "Vietnam: The Road Ahead" was held on October 10.
Vietnam can reach economic growth of 5% in 2023 and 6.3% in 2024, said Frederic Neumann, HSBC's chief Asia economist and co-head of Global Research Asia, at a Monday event held by the bank.