Five reasons: Why Asia stands out in 2023 — and where to beware
The Asia Pacific region rebounded strongly from the pandemic, recording GDP growth of 6.5 percent in 2021, according to the International Monetary Fund. While the pace of economic expansion is expected to moderate, slowing to 4.3 percent in 2023, it is still well above IMF forecasts for a US GDP growth of 1 percent in 2023 and just 0.5 percent for Europe.
Combined with relatively low interest rates and benign inflation, this makes Asia Pacific look like an appealing destination for capital amid the current global slowdown.
But, be under no illusion, nobody can afford to be complacent. The region’s real estate industry is not immune from the headwinds caused by the global downturn. That said, any impact is likely to be shorter and shallower than that experienced by most other regions.
As we look ahead through 2023 and beyond, here are five of our favourite Asia Pacific characteristics and opportunities that make the region a compelling consideration for global