Posted 12/12/2023, 7:54:12 AM
Asia Pacific Consumers Set to Spend More on Travel and Goods in 2024 as Economies Recover Unevenly
- Asia Pacific consumers likely to allocate more money to discretionary spending like travel and entertainment in 2024 as pandemic impacts recede
- Spending on goods expected to rebound in 2024 after services took priority in 2022-2023 during economic reopening
- Manufacturing sector in Asia Pacific poised to benefit from rising demand for goods
- Overall economic growth in Asia Pacific in 2024 likely to be modest and on par with 2023
- Growth outlooks mixed across Asia Pacific - some economies anticipating upticks, others slowdowns