Following the mid-term US elections, the new WEO (World Economic Outlook) and trade issues—all well covered in thepress—this month’s outlook explains AME’s economic methodology. As a group of engineers and social scientists, AME ispragmatic about forecasting without divine intervention. Instead, we offer robust industry models which are typicallyupdated quarterly. This part of AME’s business is now “under new management” to add both value and pragmatism.First, we would like to state that our economic and resources views are weighted to our research centres in Australasiaand Asia. Given the dynamic nature of this region, our forecasts are often optimistic by 2–5 % in comparison to thoseoriginating in Europe and North America. Yet, over 20 years, we have underestimated both global and Asian growth,which has been far stronger and longer than expected. Asia is the centre of the manufacturing world and is poised tobecome the centre of the economic world over the next decade. There is no modern recorded precedent and thecontinued dominance of Asia is AME’s unassailable view, based upon intense education standards, internal competition, along-term view, political stability and industry supported by government.
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