ago - $2, page-36

Paul Gruenwald, Asia Pacific Chief Economist for Standard and Poors, said Yesterday on Sky Business, Market Moves that India's GDP which is currently 4-5 % should go to 6-7%. Indonesia's GDP which is 5.75 % should go to 6%. China's GDP should stay between 7-7.5%, he said if it drops below 7% then the Chinese Gov. will do whatever it takes to get it back to within this range (Stimulus?). He also said that the Chinese Urbanisation which is currently at 50% should grow to 70-75%, therefore more infrastructure will be required i.e. roads, bridges, airports, hospitals etc etc.

The podcast is not yet on the Internet but should be available on next week.

http://www.skynews.com.au/podcast/feeds/marketmoves.xml


While you are there, have a listen to podcast on Tuesday 04-03-2014:-

SkyNewsPodcast_MarketMoves_20140304064647.mp3

The Chinese economist talks about Iron Ore, listen from 11.30 minute mark.