After a challenging 2023, all indications are that 2024 should be a stronger year for Vietnam’s economy, driven by a rebound in the manufacturing sector and an improvement in consumer sentiment. In addition, the plunge in interest rates throughout 2023 should help boost the real estate market after having helped support the stock market last year. In 2024 we expect GDP growth to increase Domestic consumption growth to recover The VNI to increase by 10-15% Read more…
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China Economics Update Jan 2024Credit growth picked up for the third straight month in Dec, reflecting strong government bond issuance. Bank loans were softer than expected. Despite being on a moderating trend, medium- to long-term (ML) corporate loan demand remained resilient in Dec. Growth in household mortgage loans has hovered around recent lows, helped by continued policy relaxation in the property sector. We expect government bond issuance to remain robust in the months ahead. Local governments began to front-load special…
The total nominal GDP of the ten ASEAN nations measured in US dollar terms amounted to USD 3.6 trillion in 2022, more than doubling compared with total GDP of USD 1.6 trillion in 2009. The total size of the ASEAN economy was slightly larger than India in 2022, which had an estimated GDP of USD 3.5 trillion in that year. Read more: https://www.spglobal.com/marketintelligence/en/mi/research-analysis/asean-economic-outlook-in-2024-Jan24.html
At a time when climate change, pandemic threats and technological changes are compounding the disruptive force of more conventional risks such as demographic change and political turmoil, there is good reason to marshal the serendipitous forces that surround us. As “tiger mums” worldwide strive to engineer a successful life for their children, I have always nurtured a temptation to warn them that all those meticulously organised life plans are likely to be laid in vain. Improbable, unpredictable events will almost…
An Opportunity to Exclusively Partner with PBEC on publishing this Full Market Report PBEC is pleased to announce its second in-depth report on Global Sourcing and Supply Chain Trends impacting APAC businesses. Building on the success of our highly regarded report, “Charting a Course in Asia Pacific – Regional Trends in Global Sourcing,” our latest research, initiated in May 2023, focuses specifically on Scope 3 emission capture and public disclosures by multinational corporations (MNCs) listed on the top six largest…
: White Paper on Emerging Trends in Supply Chain Sustainability – Compliance and Policies – Dec 2023
PBEC has permission to share this white paper from o9 Solutions that seeks to outline existing and emerging regulatory trends at the intersection of supply chain and sustainability, including a range of binding regulations, tax policies, and legislative proposals at international, national, and regional scales. These regulatory developments include mandatory sectoral requirements, product trade bans, product sustainability regulations, non-financial disclosure requirements, and various taxes and rules on plastic pollution that can significantly affect global supply chain sustainability. It must also be highlighted…
Asia-Pacific Economic Outlook latest 2023 Section 1: Towards a Sustainable Recovery The Asia-Pacific region has shown remarkable resilience in the face of an uncertain environment. However, as the region heads into a ‘new normal’ the shape and form of economic growth are likely to be substantially different from the pre-pandemic period. As demonstrated by concerns expressed by respondents to PECC’s annual survey, the regional policy community is concerned with the rise in the cost of living; climate change; a slowdown…
TheCityUK’s Economic Research underpins the important—and sometimes still counter-intuitive—point that the financial and related professional services industry makes a significant contribution to the economy across the UK, not just in London. Most attention tends to focus on the spread of industry employment across the UK—a metric which is easy to take for granted, but one that is vitally important, and particularly so at a time of rising unemployment. However, this report focuses on something that is conceptually a bit less…
PBEC Corporate Member Guadalajara World Trade Center, Mexico represented by General Manager and Director Federico G. Lepe shares his views on the opportunities generated by the Near-Shoring trends, and comments utilising the latest economic data available in this comprehensive overview report. “We have witnessed a wave of manufacturing investment in a variety of sectors continue in 2023, as divestment and managing risk, away from sole-dependence on China Mainland and to address supply chain emissions, continues to change the face of…
Mixed Oct economic data reflects an uneven recovery. Resilient industrial production (IP) growth was underpinned by China’s rising electric car industry and related industries. Stronger-than-expected headline retail sales were driven by low base effects as underlying spending growth remained soft. Nevertheless, car sales were a bright spot. Real estate investment continued to drag down overall investment growth. Increased fiscal and monetary support will help sustain the recovery. Fiscal policy has turned more supportive and is expected to aid growth and…