Growth in Asia
Industry leaders say infrastructure investment is the key to opening up Asia Pacific economies to more growth.
The growth-driving Beijing Olympic games are a distant memory and worries over the bursting of Asian bubble economies persist, yet CEOs operating in Asia Pacific remain confident of opportunities in the region. According to PricewaterhouseCoopers’ just released report, Towards resilience and growth: Asia Pacific business in Transition, — a survey of 478 CEOs and industry leaders in 21 Asia Pacific economies — 42 percent are “very confident” of revenue growth during the next 12 months and nearly 70 percent intend to increase investments in the region. The study was released at the Asia-Pacific Economic Cooperation forum in Bali, Indonesia.
What has industry excited about Asia Pacific? According to the survey, the trend toward urbanization in many Asia Pacific economies, the emergence of the local middle class and the