Description

In Australia, weak commodity prices, a strong Australian dollar and low business sentiment will dampen economic activity in H2 2013. Weak investment in mining and manufacturing is likely to keep the Australian economy sluggish. In Argentina, policy easing is expected to boost domestic demand conditions and help rebound the business confidence. Aggressive macroeconomic stimulus measures in Japan in H1 2013 have boosted exports and industrial output and this trend is expected to continue through H2 2013. Due to a slowdown in the economy and a strong local currency, South Korea’s exports are expected to remain sluggish in H2 2013.