Why are we confident about a global recovery?
(Dec 20): The past 12 months have been turbulent, marked by political and economic stresses as well as climate change-related disruptions. The next 12 months are likely to be just as eventful, going by the three sets of forces that we see shaping the region in 2020.
At a more hopeful level, we believe that the global economy will improve and so provide more support to Asian trading nations. But, this cyclical bump will do nothing to avert a growing list of disruptions that Asia will have to deal with — in geo-politics, technology, trade regime, climate change and social tensions. And that brings us to the final set of forces — how Asian governments respond to these disruptions will determine which countries will be winners or losers next year and beyond.
