Please see below selected pre-2016 intelligence about the Asia Pacific region. This is a synthesis of major recent developments at competitors, business schools, thinktanks, media, commentators, and other key influencers in our external environment.
Asia-Pacific is a region of huge diversity, not only culturally and geographically, but economically too. Japan is a member of the G7 and a world leader in automotive and technology. Singapore competes with London and New York as a global financial centre. Australia and New Zealand are sometimes treated as a region in their own right due to both geography and culture - it takes over 12 hours to fly from Delhi to Sydney and history ties them more to the UK and US - but they are increasingly connected to Asia through trade.
- In The Future of Asia Pacific, Grant Thornton drew on interviews from our International Business Report and data from the IMF, UN and Economist Intelligence Unit to explore the opportunities and challenges for business growth in Asia-Pacific. The slowdown in China, regional tensions and ageing populations emerge as key threats to regional growth prospects, while businesses are excited by the Trans-Pacific Partnership and increased ASEAN cooperation.
- Australia’s GDP growth strengthened in the September quarter, to 0.9% in the quarter and 2.5% over the year, up from 0.3% in the quarter and 2.0% over the year to June. Australia’s long-run average annual GDP growth rate is around 3.1%.
- Official figures released just three weeks ago indicating that Japan had dipped into recession were revised to show that the economy had grown. An initial estimate recorded GDP contracting at an annualised rate of 0.8% in the third quarter, but updated numbers on business investment suggest that the economy instead grew by 1%.