Master Andy Goh Releases Predictions for 2010, the Year of the Tiger
Online, December 29, 2009 (Newswire.com) - Master Goh predicts that after a year of intense growth, China's booming property market will crumble in an overheated environment. The bubble burst will lead to several repercussions for both the stock and property markets in the Asia region. Countries more adversely affected are Hong Kong, Singapore and Taiwan which economies are highly dependent on China.
US dollar will continue to decline in 2010, following its downward trend in 2009. The weakening dollar will increase competitiveness of US' exports in relation to the world's exports. Manufacturing industry in the US will benefit as the weakened dollar is poised to attract an inflow of capital. The policy will also lead to a reduction in US' unemployment rate as investors return to US.
Pure export countries such as Singapore will face fierce competition from developed nations as the world economy recovers 2010. For further predictions on the Singapore economy, please subscribe to our website updates.
The property market will experience a major correction in the second half of 2010. Although the impact of the correction is not as severe compared to 2008, market performance during the second half of the year will not be as robust as that experienced in 2009.
Overall, the impact on the US economy is minimal as the property crisis arising from China's property bubble burst will only affect the Asia region. Furthermore, the weakened US dollar increases US' export competitiveness, resulting in export growth for the US economy. In 2010, the world will experience more wars, accidents and natural disasters. These include trade wars, man-made disasters as well as wreckage brought about by natural elements.
Full article can be read at http://www.masterandygoh.com.cn/
About Master Andy Goh:
Master Andy Goh is a practitioner and researcher in Ba Zi, the ancient Chinese system of telling future. The Chinese believe that the human fate and destiny is determined by the invisible forces of the universe. Ba Zi analyzes the effect of these forces on the destiny of any individual using date and time of birth.