亚太地区： 2024 年亚太地区城市的消费支出将保持温和增长

Over the next five years, India is set to be one of the fastest-growing major economies across Asia Pacific, lead by the performance of its IT and business services. The Southern states of Karnataka and Telangana are at the forefront of this success as they are home to two of India’s most rapidly growing cities and productive cities—Bengaluru and Hyderabad.

The US is undergoing or heading towards a 'jobless expansion'. Asian economies, likewise, will probably experience slow job growth over the next few years, accompanied by mechanically rising productivity gains. In the near term, the drag on the job market is likely to come from cyclically weak demand for labour. But further down the line, it is the shrinking labour supply that will weigh more heavily on employment growth.

China’s emerging roles as both a critical intermediate goods supplier to global supply chains and a dominant producer of high value-added goods will remain the key forces sustaining its large current account surplus, far more so than the eventual direction of US tariffs.