Here's How Asia's Largest Economies Performed In 2016

Loading...
Loading...

After a tumultuous and volatile start to 2016, Asia's market calmed down and then took a back seat on the international stage, which became fixated on the Brexit vote and then President-elect Donald Trump's run to the White House.

Here is Bloomberg's look at how Asia's largest economies performed in 2016, in order of the size of their economy.

1. China

2. Japan

3. India

4. South Korea

  • Currency: The Chinese renminbi fell 6.63 percent.
  • Growth: GDP rose 6.7 percent.
  • Notable highlight: China hosted G-20 members and positioned the country as an advocate for free trade.
  • 2017's biggest challenge: Ensure the country's economic recovery amid tough trade rhetoric from Trump's administration.
  • Currency: The Japanese yen gained 2.25 percent.
  • Growth: GDP fell 0.9 percent.
  • Notable highlight: Japan's Prime Minister Shinzo Abe was the first prime minister to visit Pearl Harbor in decades and worked to make progress in territorial disputes with Russia.
  • 2017's biggest challenge: Convincing Trump of the importance of U.S. - Japan relationship.
  • Currency: The Indian rupee lost 3.06 percent.
  • Growth: GDP rose 7.3 percent.
  • Notable highlight: India's Prime Minister Narendra Modi continued to implement his vision of an India free of corruption and lower trade barriers.
  • 2017's biggest challenge: Boosting the economy amid a new national goods-and-services tax.
  • Currency: The South Korean won lost 2.87 percent.
  • Growth: GDP rose 2.6 percent.
  • Notable highlight: South Korea's President Park Geun-hye was impeached on December 9.
  • 2017's biggest challenge: Navigating Asia's fourth largest economy in an election year.
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: NewsEmerging MarketsGlobalEcon #sMarketsMediaGeneralAsiaAsian EconomiesBloombergBrexitChinaDonald TrumpIndiaJapanNarendra ModiPark Geun-hyerenminbirupeeShinzo AbeSouth KoreaWonyen
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...