Asia-Pacific was able to weather the financial storm in 2009, demonstrating a resilience not seen in other parts of the world. However, once-promising growth prospects across Asia-Pacific are giving way to more conservative attitudes, as regional economic figures begin to indicate a change in the months and years ahead.
The slowdown in mainland China is having a ripple effect on prospects across the region, with Asia’s emerging economies feeling the brunt of changing sentiment. Although the International Monetary Fund (IMF) predicts economic growth of close to 6% in the region’s developing markets, figures that stack up well compared to counterpart Western economies, regional and global uncertainties continue to weigh heavily on corporate Asia’s shoulders. As 2014 unfolds, a number of industries and countries have shown greater signs of stress than others.
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