Event Details
*Wine & beer will be served afterwards during networking.
The Quarterly Economic Pulse Update is a series that dives into current economic trends impacting businesses, offering expert analysis and insights to guide strategic decision-making.
The first quarter of 2024 has been a whirlwind for economies in the region. While whispers of a global slowdown hang in the air, the Asia region has defied expectations with pockets of resilience and is expected to remain the engine of the global economy this year.
The dramatic gains witnessed in the tech sector in Q4 2023 is carrying over into 2024. This has boosted investor confidence in regional markets, particularly those heavily reliant on technology exports. Domestic demand in Southeast Asian economies, along with foreign direct investment inflows have also remained strong. Tourism was another bright spot for the region, with Taylor Swift's six nights of concerts in Singapore improving the country's economic forecast and having spillover effects to neighboring countries.
Growth is expected to remain strong in Q2 due to strong domestic demand, growth in exports, and a rise in foreign direct investment. With the resumption of visa-free travel between China and multiple Southeast Asian countries, tourism numbers are expected to strengthen. However, this may be dampened by external headwinds due to protectionist sentiments shrouding election campaigns globally and continued U.S.-China tensions. Due to the economic and geopolitical uncertainty, the Indonesian and Thai central banks have signalled they are ready to adjust their interest rates anytime, contributing to further volatility.
Hear from our panel of experts as they assess the economic landscape and share insights on the risks and opportunities for business.
Please note the following details:
- The event is held under the Chatham House Rule https://www.chathamhouse.org/about-us/chatham-house-rule
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