Business Banking Outlook 2024 – APAC in Focus
(11 December 2023 – Asia Pacific) Asia-Pacific (APAC) markets have withstood intense pressure and show nascent signs of improvement looking ahead to 2024.
Moody’s reports that widescale monetary tightening has capped exports and domestic demand. Inflation remains volatile and China’s disappointing economic recovery continues to anchor growth.
While borrowing costs will remain higher for longer, there are early signs China’s domestic demand has at least bottomed out, although broader indicators remain uncertain. The global technology cycle downswing also appears to have reversed course, with stronger demand for high-end chips produced in South Korea and Taiwan.
Moody’s Analytics economists Steve Cochrane, Katrina Ell, Stefan Angrick, and Harry Murphy Cruise present the regional state of play and the outlook for 2024 with key economic drivers including:
- The growth, inflation and monetary policy outlook for 2024
- How China, India and Japan will influence the regional landscape
- Geopolitics and how the important relationship between China and the U.S. is influencing the region
- A view to how Southeast Asia benefits from shifts in supply-chain structures
Utilising East & Partners’ ongoing global primary voice of the customer intelligence and analytics, the 2023/24 Outlook offers a clear and evidence-based indication of what may lie ahead. Helping equip banking and finance leaders with a greater understanding of what lies behind today’s complex markets, enabling them to develop more robust strategies focused on the ultimate goal of sustainable growth.
The intelligence of decision makers, by decision makers - download your free copy of East & Partners 2023 Outlook now.
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