Shuangliang

JARN News

2015.05.27

1.7 South Korea

South Korea’s GDP grew 3.3% in 2014, a bigger gain than seen in the previous two years. However, the economic growth has not translated into satisfactory business gains due to weak private consumption...

2015.05.27

1.6 Japan

After the Japanese consumption tax was raised from 5% to 8% in April 2014, the Japanese economy started to flat line. Japan’s GDP recorded negative quarter-on-quarter growth in the second and third qu...

2015.05.27

1.5.7 Russia

GDP in 2014 was originally forecast by the Economics Ministry to be 2.5% but in reality it was close to zero and is likely to be negative in 2015. Inflation is running high at 9%. Construction industr...

2015.05.27

1.5.6 United Kingdom

The United Kingdom is enjoying an economic revival with a GDP of 2.4% in 2014 and low inflation, although investments are currently on hold because of the uncertainties following a new government in May. London remains the center of gravity for the construction industry in terms of high-end residential and commercial development and this is important in driving the sales of VRF and fan coil system...

2015.05.27

1.5.5 Germany

Germany remains the largest economy in Europe and is second only to China as the world’s largest exporter. But 2014 was not a good year for exports to neighboring European countries most of whom were ...

2015.05.27

1.5.4 France

The country is slowly recovering from the years of recession - GDP is forecast to reach 0.7% in 2015 compared with the annual 0.4% of the preceding three years. The construction sector is showing a fe...

2015.05.27

1.5.3. Turkey

Turkey has maintained a relatively stable economy throughout the financial turbulence besetting rest of Europe since 2008. GDP grew by 3% in 2014 and should stay at this level in 2015. The country has...

2015.05.27

1.5.2 Spain

In spite of the gloom pervading the Spanish economy since 2008 current forecasts are becoming more optimistic at an increase of 1.2% in GDP in 2014 and a rise to 1.8% in 2015. However, the constructio...

2015.05.27

1.5.1 Italy

The economy in general remains flat with virtually zero inflation.   Revival in the construction industry will be marginal. Renovation on the other hand has been boosted by government incentives ...

2015.05.27

1.5 Europe

Reported by Alan Field, JARN’S Europe Correspondent   The latest report published in this March from the UK research center BSRIA takes in Europe, the Americas, Asia Pacific, the Middle East, Ind...

2015.05.27

1.4.2 Pakistan

Pakistan’s air conditioner demand increased by 3% in 2014 over the previous year to around 958,000 units.   Pakistan has the sixth largest population in the world at more than 180 million people. This population is also very young, with people un-der 35 years old accounting for over 70% of the total population. According to the United Nations, Pakistan’s population will continue growing for t...

2015.05.27

1.4 Indian Subcontinent: 1.4.1 India

Reported by Rakesh Kumar, Technical Editor, ISHRAE Journal,India   Political and Economic Situation   The major political development of 2014 was the change of government in May. The Narendr...

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