Goldman Sachs Sees Slower Asia Growth in 2019

The transcript discusses economic challenges in Asia, focusing on China's credit conditions and trade outlook, and the impact of monetary policy changes in Indonesia and the Philippines. It anticipates potential rate hikes in South Korea, Thailand, and New Zealand due to financial imbalances. Indonesia prioritizes external balance over growth. The transcript also covers global market adjustments to the Fed's tightening cycle, affecting Asian economies reliant on capital inflows.

What are some of the factors affecting economic growth in China and the broader Asian region?

• Rising consumer confidence

• Tighter credit conditions and trade concerns

• Increased government spending

• Decreasing inflation rates

Which countries are expected to have a broader but shallower monetary tightening next year?

• Indonesia and the Philippines

• South Korea, Thailand, and New Zealand

• India and Vietnam

• China and Japan

What is a major concern for policymakers in Indonesia regarding their economic strategy?

• Enhancing technological innovation

• Maintaining external balances and currency stability

• Increasing export growth

• Reducing government debt

How many interest rate hikes were predicted by the US Federal Reserve to complete by the end of 2019?

• 13 hikes

• 11 hikes

• 9 hikes

• 7 hikes

What has been a painful process for some Asian economies reliant on capital inflows?

• Adjusting to the full Fed tightening cycle

• Increasing domestic consumption

• Reducing trade barriers

• Enhancing infrastructure development