Thanks to our Corporate Member & Silver Sponsor KBC Bank, we are able to share the insightful KBC Economic Perspectives – Asia Edition with you.
- The economic recovery is hampered by supply chain bottlenecks and rising energy prices. Strong external demand and solid macroeconomic fundamentals should support Asian countries regarding these issues in 2022.
- Chinese policymakers will prioritize addressing risk and growth in the economy. As the ‘zero-covid’ policy presents uncertainty in the economic outlook, there will be a policy shift towards stabilizing growth.
- The US economy is well prepared to maintain its growth with a 3.6% in 2022 and a still-respectable 2.3% in 2023.
- The Euro economy has ended on a soft note last year, with the lukewarm activity being prolonged in the first quarter of 2022. After these challenging winter months, growth should strengthen at a strong pace.
- Inflationary pressures in the United States, the eurozone, and many emerging nations accelerated substantially toward the end of 2021, mainly due to pandemic-related reasons.
- the Fed announced a pivot towards faster monetary policy normalization. The baseline forecast assumes one 25 bps hike in the refinancing rate in 2023, together with raising the deposit rate from negative territory.
Please find the full version of the Economic perspectives Asia in the attachment.