Jiawen Cui 
China’s latest “anti-involution” campaign, aimed at curbing excessive price competition, falls well short of the kind of meaningful supply-side reform that could trigger reflation. In our view, genuine reflation would require a combination of capacity cuts and meaningful demand stimulus. Yet, such a policy mix is far more difficult to deliver in the current environment.
Our latest Global Cities Index 2025 analysis of 1,000 cities around the world allows us to put major GCC cities in the context of global peers, revealing the dynamics behind their economic vitality, human capital, quality of life, and long-term sustainability.
Our Global Cities Index shows that whilst Southern Asian cities do not top the overall rankings, they are important global players, with particularly strong economic performance.
Our Global Cities Index shows that whilst Southern Asian cities do not top the overall rankings, they are important global players, with particularly strong economic performance.
China is unlikely to achieve full chip self-sufficiency any time soon because of high technological hurdles in producing advanced manufacturing equipment and materials. The self-sufficiency target now stretches well beyond actual fabrication to include the entire chip supply chain as China struggles to acquire necessary input and machinery into the production process.
Although each legacy city confronts distinct obstacles, they also possess distinctive strengths that can be harnessed for success in today’s world. The Global Cities Index reveals that these cities can study successful examples and apply those insights to develop effective approaches for thriving in our fast-evolving global landscape.
Although each legacy city confronts distinct obstacles, they also possess distinctive strengths that can be harnessed for success in today’s world. The Global Cities Index reveals that these cities can study successful examples and apply those insights to develop effective approaches for thriving in our fast-evolving global landscape.
Despite its breadth and intangibility, the impact of culture is revealed through our in-depth analysis of global city economies, and the fact that almost half of the world’s top 50 cities in this year’s Global Cities Index are in fact, Cultural Capitals.
Oxford Economics defined the archetypes using a range of metrics from all five categories of the Global Cities Index, with each archetype focusing on a different set of common traits.
In collaboration with Splunk, Oxford Economics surveyed over 2,000 security professionals around the globe—including directors, managers, analysts, and engineers—to understand how organizations across industries are building a smarter, more resilient Security Operations Center (SOC).
Oxford Economics defined the archetypes using a range of metrics from all five categories of the Global Cities Index, with each archetype focusing on a different set of common traits.
The impact of President Donald Trump’s trade war is more visible in some data than others. While tariffs had their fingerprints all over Q1 GDP, it was only in the details of the April jobs report that some tariff effects could be discerned.
Cities and regions where we expect the largest downgrades to GDP growth over 2025–2026 are those with higher concentrations of economic activity in export manufacturing—especially those facing targeted US tariffs and those vulnerable to the second-round effects of lower global demand. Lower global trade and industrial activity will also affect regional logistics and transport hubs.
The ‘liberation day’ tariffs have been postponed, but the existing tariffs and those likely forthcoming present significant downside risks for most Asian industrial real estate markets. Reduced business investment, weaker confidence, and risk-off sentiment alone will inflict a demand shock on industrial and logistics operators, with expansion plans likely on hold.
The ‘Liberation Day’ tariffs announced by US President Trump have been postponed. But they will have significant consequences for ASEAN if they are eventually implemented. We doubt ASEAN supply chains can adjust quickly.
Inbound tourism to APAC is poised for continued strong growth, with international travel volumes projected to surpass 2019 levels in 2025. The rebound of Chinese outbound travel is continuing to progress.
We see little evidence that inflation will take a significant turn for the worse, which suggests that the risks of Trump’s policy agenda unleashing sizeable inflationary pressures in the US, and beyond, have been exaggerated.
US President Donald Trump has announced or threatened a range of fresh tariffs in recent weeks. While we expect the overall macro impact to our global forecasts to be modest, the impacts for specific countries and industries will be meaningful.
The United States has introduced an additional 10% levy on Chinese imports as part of the opening round of the Trump 2.0 tariff regime. While certainly not as severe as some of the tariff threats made against China by President Trump in the run up to his inauguration, we nevertheless expect the additional tariffs to affect the country’s economic performance—with coastal tech manufacturing hubs particularly vulnerable.
Related Posts Downside risks for Asian industrial real estate markets The ‘liberation day’ tariffs have been postponed, but the existing tariffs and those likely forthcoming present significant downside risks for most Asian industrial real estate markets. Reduced business investment, weaker confidence, and risk-off sentiment alone will inflict a demand shock on industrial and logistics operators, … Read more
