Happy New Year! Enjoy a 10% discount on all purchases until the 31st of January 2023 using the promo code HNY23 when you check out

Economy, Finance and Trade in Asia Pacific

November 2022

Asia Pacific is set to remain the fastest-growing region, led by major developing economies such as China, India and Indonesia. The region is set to benefit from economic reforms and transformation, strong manufacturing, exports and foreign investments, improving intraregional cooperation, as well as growing consumer bases and incomes. However, the near-term outlook is dimmed by weakening global demand, surging inflation, monetary tightening and spillover effects from China’s slowdown.

USD 1,325
Request More Information

Delivery

This report comes in PPT.

Key findings

The economic outlook in the region worsens amid global headwinds

Driven by the relaxation of COVID-19 restrictions and robust global demand, economic growth in Asia Pacific has been on a recovery trajectory since 2021, albeit at a different pace across the region’s economies. The economic outlook, however, is increasingly clouded by the spillover effects of Russia’s invasion of Ukraine and continuing COVID-19 control policies in China, rapid monetary policy tightening across advanced economies and exchange rate depreciation.

China remains the major growth driver, though smaller markets show strong potential

China is set to remain the major driver of Asia Pacific economic growth in absolute terms, with its economy forecast to become the largest globally over the next decade. However, smaller developing economies in Asia Pacific, such as India, Indonesia, Bangladesh, the Philippines and Vietnam, also provide ample growth opportunities, driven by economic transformation and improving business environment, the trend of global supply chain diversification and expanding consumer bases.

Following a swift rebound from the COVID-19 shock, exports are set to slow

While commodity exporters in Asia Pacific have benefited from surging commodity prices, exporters of manufactured goods are set to face notable challenges over the short to medium term as global consumer demand falters amid surging inflation and slowing economic growth.

Global economic slowdown and monetary tightening will take a toll on region’s fiscal health

Public finances of Asia Pacific economies are set to be adversely affected by weakening tax revenue amid decelerating growth momentum, as well as increasing government spending aimed to support economic activities and shield consumers from rising living costs. Moreover, developing economies in Asia Pacific are poised to witness local currency depreciation, financial instability and difficulties with balances of payments triggered by rapid monetary tightening across advanced global economies.

Scope
Key findings
Asia Pacific records a swift rebound from the pandemic-related downturn
Manufacturing remains an important contributor to regional growth
Large variations in economic development across Asia Pacific persist
India enjoys the largest remittance inflows
FDI inflows to Asia Pacific remain highly concentrated
Inflationary pressures remain more moderate in Asia Pacific
Impact of a global stagflation scenario on the Indian economy
Impact of a China hard landing scenario on the Chinese economy
Impact of the COVID-19 pessimistic scenario on the Japanese economy
Robust global demand for energy and electronics supported trade surpluses across the region
Asia Pacific merchandise exports to decelerate amid slowing global demand
The new trading agreement to facilitate trade relations within the region
Developing Asian economies face debt-servicing related risks
Weakening economic conditions to take a toll on public finances
Azerbaijan : Economic Structure and Foreign Investment Overview
Azerbaijan: Inflation, Exchange Rates and Export Profile
China : Economic Structure and Foreign Investment Overview
China : Inflation, Exchange Rates and Export Profile
India: Economic Structure and Foreign Investment Overview
India: Inflation, Exchange Rates and Export Profile
Indonesia: Economic Structure and Foreign Investment Overview
Indonesia: Inflation, Exchange Rates and Export Profile
Indonesia: Inflation, Exchange Rates and Export Profile
Japan: Economic Structure and Foreign Investment Overview
Japan: Inflation, Exchange Rates and Export Profile
Kazakhstan: Economic Structure and Foreign Investment Overview
Kazakhstan: Inflation, Exchange Rates and Export Profile
Malaysia: Economic Structure and Foreign Investment Overview
Malaysia: Inflation, Exchange Rates and Export Profile
Pakistan: Economic Structure and Foreign Investment Overview
Pakistan: Inflation, Exchange Rates and Export Profile
Philippines: Economic Structure and Foreign Investment Overview
Philippines: Inflation, Exchange Rates and Export Profile
South Korea: Economic Structure and Foreign Investment Overview
South Korea: Inflation, Exchange Rates and Export Profile
Taiwan: Economic Structure and Foreign Investment Overview
Taiwan: Inflation, Exchange Rates and Export Profile
Thailand: Economic Structure and Foreign Investment Overview
Thailand: Inflation, Exchange Rates and Export Profile
Uzbekistan: Economic Structure and Foreign Investment Overview
Uzbekistan: Inflation, Exchange Rates and Export Profile
Vietnam : Economic Structure and Foreign Investment Overview
Vietnam : Inflation, Exchange Rates and Export Profile
Share:

NEW REPORT GUARANTEE

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extraction Free!