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Asia Pacific pivots away from global economic downturn, poised to weather challenges through 2023
Research - DECEMBER 2, 2022

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Asia Pacific pivots away from global economic downturn, poised to weather challenges through 2023

by Released

Asia Pacific is set to remain the world's fastest-growing region, despite ongoing stressors exacerbated by the Russia-Ukraine conflict and global financial volatility, according to Knight Frank’s latest report, Asia Pacific Outlook Report 2023: Pivoting Towards Opportunities.

Even as growth momentum continues to normalize across most of the region, domestic-oriented economies such as emerging Southeast Asia and India are forecast to remain supportive of overall regional growth in the upcoming year, the report said.

“With much of the known risks largely priced in and likely to have overshot on current negativity, there remains scope for fundamentals to surprise on the upside, underpinned by the marginal easing of zero-COVID strategy and the lower-than-expected terminal interest rates. As of late, Chinese authorities have lowered the duration of quarantine for inbound travelers, a step in the right direction that could set the tone for more calibration and

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