Global Macro Service > Research Briefings > Asia Pacific

Domestic demand’s bigger role in growth prospects

​Many Asian economies are now more substantially driven by domestic demand than is often realised, marking a change in the region’s longstanding trend of export-led growth. The shift has resulted from global trade growth lagging domestic demand in several economies over the last 10 years, in contrast to trends in Europe. As a result, assessing Asian economies’ growth prospects will require a greater focus on domestic developments than global factors.

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