Appreciating Asia

Asia’s new growth drivers to power the region’s next phase of expansion.

Just like how cars take a detour when faced with a roadblock, the growth dynamics of Asian economies have changed because of the pandemic. So, what are the new growth drivers we are seeing today?

1. Going digital

The pandemic has speeded up the adoption of digital channels across almost every sector. Even the job landscape is changing, with a rise in the gig economy that has led to several new digital platforms being created.

2. Skilling up

The region which has long been known for its manufacturing capabilities is now planning and moving ahead to enhance its offerings. New business incentives and trade partnerships are at the centre of these new efforts to progress up the value chain.

3. Turning sustainable

Climate change is expected to hit Asia the hardest. As such, the push for green investments is becoming more urgent in the region. Developing and switching to renewable energy sources will be a key priority.

A wide range of sectors are expected to favour from these new growth drivers. Banking and technology sectors will likely be favoured as will selected electric vehicle, semiconductor, software, e-commerce, Internet, and supply chain security companies.

For more insights into investment opportunities in Asia, check out our 2022 Market Outlook – Recalibrating Risks. Reassessing Opportunities.

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