Asian markets – trends  

It's not new to 2018, but growth in Asia is heating up. Asia has become the world's largest theme park market. CNBC: The World Bank raised its economic growth forecasts for developing East Asia and Pacific for this year and 2018. The worth of the mobile contents market in Asia is expected to reach 41.5 billion U.S. dollars in 2019. IMF: Growth will remain strong at 5.4 percent in 2018, as the region continues to be the leader of global growth. Forrester: Asia Pacific Tech Market Outlook For 2017 To. 2018. The Region's Tech Spending Will See Moderate Growth In 2017 Before Accelerating To Almost. 6% Growth In 2018. Forbes: For the first time in 2018, more than half of world's 3.6 billion internet users will reside in Asia Pacific.

Business analysts are casting one eye back to recent history, as well as considering how recent market developments are panning out. One thing that can be looked upon with fairly universal agreement is the fact that the Far East, in tune with the globe in general, has slowly but surely shaken off the worst of the ill-effects of 2008's worldwide recession. This was an event of far-reaching consequences, sending shock waves throughout international commerce. The return to a semblance of normality has been painful in many places, but at least there is a light at the end of the tunnel.

Asia felt the worst effects of the global economic downturn, to varying degrees. There were many different factors that affected the rate at which recovery was possible. European trading partners experienced severe problems in the euro zone, and the mighty commercial giant of the USA underwent its own lengthy periods of fiscal uncertainty. However, 2015 proved to be a far more settling time for business aspirations around the Pacific Rim, and in the Philippines.
Statistical monitoring from various commercial authorities demonstrated that international trading was at least beginning to fluctuate between negative and positive trends, after several years of graphs meandering ‘below the fault line'. Banks remain cautious when it comes to lending to business clients, particularly those wishing to start up new enterprises. But the good news for entrepreneurs is that the numbers of loan applications being accepted is on the rise, even if this is a gradual trend, in most sectors, and across borders. Asia has traditionally nurtured a careful, conservative business ethos. But this degree of caution is a prime driver in the fact that any recovering, once it begins building momentum, is liable to be much stronger than if there were a series of ‘quick fixes' being applies across the board.
One litmus test of Far Eastern economies is in the commercial property market. Most market analysts, when writing reports on the Asian marketplace, are agreeing that business confidence is returning, and this is reflected in the leasing sector. By studying trends over previous years, the longer-term indications are that real estate requirements are far more likely to show signs of increasing over the next three quarters, compared to the sluggish figures ingathered from the previous three.
With the knock-on effects of the Western European and American economies picking up, the Philippines, and indeed, the Pacific Rim in general, have good reason to feel more optimistic about the Asian markets in 2016 than at the comparable point last year.

 

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