Domestic Demand and Consumer Confidence: Linkage in Asia/PacificYuwa Hedrick-Wong |
The Asia/Pacific region is increasingly divided between markets that are still closely linked with the global trade cycle, and those that have been able to delink themselves from it.
This trend is reflected in the latest MasterCard consumer confidence survey. The strong improvement in consumer sentiment in Indonesia and Philippines are cases in point. The results of the consumer confidence survey provide additional evidence that it is critically important to be able to leverage domestic demand effectively to support economic growth in the context of weakened global demand.
Topics: Economic Outlook