“The GDP growth in China is impressive and the country is trying hard to make sure the growth holds up and the economy avoids a hard landing,” says Leong.
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New York, NY (PRWEB) April 18, 2012
While GDP growth in the U.S. is estimated to run at around 2.97% in 2012, George Leong, contributor to Profit Confidential, prefers both China and India as places to invest. Leong likes the GDP growth in the Asia-Pacific region, which is promising, including seven percent in the developing Asian economies and stellar 7.82% GDP growth in China’s neighbor, India.
In the recent Profit Confidential article, Chindia: The Place to Be for Growth in the Future, Leong notes that, while China is showing some stalling, it’s still expected to expand its economy by up to nine percent.
Leong firmly believes China will continue to be the one of the major top growth regions in Asia, better than Japan. Leong notes that Japan’s GDP growth is estimated at 2.07% this year, compared with the developing Asian countries, including Indonesia, Malaysia, Philippines, Thailand and Vietnam, which are expected to grow at 8.36% this year.
“But the country that I believe has immense long-term growth potential is India,” says Leong. “With its population of over 1.18 billion people, which is estimated to surpass China by 2025 and hit a staggering 1.6 billion by 2050.”
What make India attractive to Leong are its democratic government and young and educated workforce.
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market... before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.
Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.
Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.