Speaking from Hong Kong on Dec 9, Chen adds: “We expect growth to improve also in Indonesia and Vietnam, although uncertainties remain high, especially given relatively low vaccination rates. India should remain relatively stable at 8.0%, partly due to favourable base effects.”
Equities in Asean markets offer catch-up potential, especially within the healthcare and financial sectors, says Pictet Wealth Management in its 2022 outlook.
“We see Japanese growth accelerating from 1.8% to 2.2%, thanks to a delayed recovery in consumption and additional fiscal stimulus,” says Dong Chen, head of Asia macroeconomic research at Pictet Wealth Management.
