A self-sustaining cycle is unfolding
Expected robust global trade growth will boost capacity utilisation and corporate confidence, which will uplift the region's capex cycle.
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WITH less than 45 days to go in 2021, it is time to take stock of where we are and what lies ahead in 2022. There are a number of reasons to be confident about Asia's macro outlook.
A private capex boom and productivity revival should drive a self-sustaining recovery, with leverage and stimulus taking a back seat. Asia is headed for its best productivity dynamic since 2007.
Over the past decade, a weaker external demand environment and Asia's dependence on exports and manufacturing have meant that policymakers took up policy accommodation to support domestic demand.
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