Indonesia is forecast to be one of the largest economies in the world within the next 20 years, with the government’s proactive approach to business starting to pay dividends. However, a recent report by the Asian Development Bank suggests modest growth in the short-term but solid economic foundations as we advance.
A recent report by Acclime has given a fascinating insight into emerging APAC investment markets which are expected to outperform over the next two decades. While many of those on the list will be unsurprising to those following APAC investment markets, there are some interesting entries. Even though the region as a whole is expected to grow significantly in the short to medium term, there is still some scope for discretion regarding allocation to individual markets.
A recent update (from the Office for National Statistics) on trade between the UK and Hong Kong gives an exciting insight into the long-term relationship between the two parties. While Covid has impacted business, the latest report provides a fascinating insight into the balance of power. The combined value of trade between Hong Kong and the UK (including imports and exports) hit £28.5 billion in 2022.
Many experts believe that stock markets will recover in 2023 as the threat of global inflation subsides, and interest rates eventually follow suit. While there are still economic challenges, we have seen some interesting trends emerging in the APAC employment market. On the one hand, we have employees actively looking for better salaries while employers struggle to retain key personnel.
It is common knowledge that the APAC region has one of the world’s most dynamic and fastest-growing FinTech sectors. A critical element of the FinTech sector is cashless payments and the use of alternative technology. There have been numerous reports highlighting the APAC region as essential to FinTech, backed up by emerging trends. But how does this work out in practice?
While Australia is often discounted when discussing APAC economies, it is part of the official APAC region. Consequently, investors in the area may be interested in the Australian mining sector with significant potential to export skills and services to Saudi Arabia. However, before we delve into this subject in more detail, it is essential to note that Australia is the fourth largest mining country in the world, behind China, the United States, and Russia. It also has an economy that has performed better than most in recent times.
Recently, we have seen significant financial developments in the APAC region in the areas of crypto assets, ESG and sustainable finance. Compared to the likes of Europe and America, Hong Kong, Singapore and China, in particular, have been very successful in fostering a culture of compliance amongst local companies. But how has this been achieved?
The IMF has issued an update on the global economy, with one report focusing on the APAC region. While overall, the APAC report is hugely positive, we know there are challenges, many of which have been highlighted by the IMF. To put this into perspective, the APAC region will contribute more than 70% to global growth this year, a staggering figure!
As we enter the post-COVID era, many investors are looking towards emerging markets. This has prompted a significant focus on Southeast Asia, where there appear to be several exciting opportunities. In addition, substantial changes during the COVID pandemic have seen many Southeast Asiacountries come out of that period much stronger.
When looking at economic performance in the APAC region, you will likely come across Singapore’s economy, which has the highest gross domestic product per capita in the area. So, what makes the Singapore economy so unique, and why do businesses continue to flock there?
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