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Economy

Outlook 24: bright in Asia

Khoon Goh Head of Asia Research, ANZ

2023-12-13 00:00

The economic outlook for Asia in 2024 looks brighter.

We’re already seeing a recovery in exports across the region, and prospects are looking better.

In addition, 2024 heralds the Year of the Dragon – traditionally associated with an increase in birth rates and consumption.

The US Federal Reserve is expected to start cutting interest rates in 2024, which will take pressure off the US dollar and likely lead to an increase in foreign investment flows back into Asia.

This should also help to boost investment and activity.

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After another transformative year across markets and the economy, businesses in the Asia-Pacific region are beginning to turn their minds to their priorities for 2024.

The ongoing speed of digitisation, shifting supply chains, and continued geopolitical uncertainty will all play a role in the macroeconomic environment in the New Year. 

Over the coming weeks, ANZ Institutional will bring you select insights from our broad range of subject-matter experts, helping your business better prepare for 2024 and beyond.

 

Khoon Goh is Head of Asia Research, ANZ

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Outlook 24: bright in Asia
Khoon Goh
Head of Asia Research, ANZ
2023-12-13
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