Asia’s medium term growth outlook and its implications for major cities
Over the next five years, economic growth across Asia is likely to diverge especially with two of the giants moving in opposite directions; China slowing and India starting to realise its potential. This has implications for how the cities in these two countries are likely to expand. Major cities in southeast Asia area expected to perform relatively well but there are contrasting fortunes elsewhere. For example, in advanced Asia, the major cities of Australia should exhibit an impressive rate of jobs growth. Our expectations for the likes of Melbourne and Perth contrasts starkly with major East Asian cities in Japan and South Korea, where the pressures of ageing populations is dragging on the potential for growth in output and jobs.
We presented both a top-down medium-term macro outlook and tie that to how major cities in Asia are likely to develop over the next 5 years.
Arup Raha
Head of APAC Economics
+65 6850 0124
Arup Raha
Head of APAC Economics
Singapore
Arup Raha is the Head of APAC Economics at Oxford Economics. He leads a strong 10-member team with responsibility for the coverage of several Asian economies, including China, Japan and India. Arup started his career as an economist with the World Bank in Washington DC and then went on to build a successful career in the financial services industry. Arup has previously been the Chief Economist for Asia-Pacific for 3 global banks, namely UBS, Citi and HSBC and has also been the Head of India Equity Research for JP Morgan. Arup has a B.A. (Honors) in Economics from St Stephen’s College, Delhi, a M.A. in Economics from the Delhi School of Economics, and a Ph.D in Economics from Vanderbilt University in the US.
Scott McEwan
Senior Economist, Cities & Regions
+44 (0) 203 910 8083
Scott McEwan
Senior Economist, Cities & Regions
London, United Kingdom
Scott is responsible for producing sub-national forecasts for the Asian and China Cities and Regional Forecasting Services. He graduated from the University of Manchester with a MSc in Economics.
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