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domestic consumption

BBC News – Thailand’s economy falls into recession

Thailand has fallen into recession after the economy shrank unexpectedly in the second quarter of the year. The 0.3% contraction in gross domestic product between April and June followed a previous fall of 1.7% during the first quarter of 2013. Previously, Thailand had been recording strong economic growth, outpacing other …

Rich Chinese look abroad to preserve wealth

BEIJING (AP) — China’s richest people are stepping up investment in U.S. real estate and other foreign assets as they try to preserve their fortunes in the face of a fast-changing economy, a report said Tuesday. The report by China Merchants Bank and the consulting firm Bain & Co. in …

A better future is percolating for Vietnam’s coffee | Veronique Mistiaen | Global development | guardian.co.uk

The spectacular growth of coffee in Vietnam came at a terrible environmental cost. Now conservation groups are working with food multinationals to ensure quality and sustainable production The velvety coffee slowly dripping from the filter into my glass is bitter and dark. But once mixed with the sweet, silky condensed …