Income Tax

2009 Economic Forecasts Ignore Demographic Shift

0%! This will be my prediction for 2009 GDP growth. We will have some contraction in the first half and slowly recover later 2009. Very insightful analysis. Housing is the most critical point while war, stimulus package and other are important factors as well. When house price stops falling (hopefully in April 2009 when Spring comes), people will have more "wealth", and housing-related industry will grow as well (which I count of 30% of GDP, from raw material to electronics, furniture and infrastructure)