We forecast further recovery for APAC cities in 2022, but clearly with some big risks
We project that Asia Pacific’s 25 leading cities experience on average 4.5% GDP growth in 2022, and 4.1% over the five years 2022-26, although there is of course considerable economic uncertainty at present.
What you will learn:
- Bengaluru and Ho Chi Minh City top our growth league, with other major Indian cities also among those forecast to do well.
- Indian Covid-19 responses are improving, and the cities are labour-rich.
- China’s top cities tend to cluster around the average of our forecasts. Partly this reflects their size—they play a big role in determining what the average is.
Large variations across APAC cities in medium term employment growth
Several major Asia Pacific cities will face medium term constraints on employment growth due to ageing populations.Find Out More
APAC commodity currencies lead the way amid Russia-Ukraine war
Currencies of large Asian commodity exporters (AUD, NZD, MYR) have substantially outperformed those of importers (INR, KRW, THB).Find Out More