Transformational macroeconomic trends shaping developed Asia through 2026

DUBLIN, September 20, 2021 / PRNewswire / – The report “Transformational Macroeconomic Trends Shaping Developed Asia Until 2026” has been added to offer.

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This research examines the national vision, the change in macroeconomic policy, new trade agreements and the industries promoted since the start of the pandemic.

Foreign and domestic direct investors should seek new government incentives that support economic recovery. Some of the key industries that have received a boost from the pandemic include, but are not limited to, high-tech industries driven by digital transformation; green industries, such as renewables and cleaner electric and motor vehicle models; smart manufacturing; and health care.

The business environment in developed Asia (Japan, South Korea, and Singapore) continues to be uncertain despite coordinated political efforts and government incentives to foster economic recovery. The next few months are going to be crucial for the region as countries attempt to weather the pandemic.

This macroeconomic outlook for developed Asia to 2026 will enable clients to develop scenario-based macroeconomic growth projections, obtain more in-depth information on income, trade, investment and demographic conditions in Japan, Korea and Singapore. The research has been divided into three key sections: the overall economic outlook, the demographic social outlook, and the investment environment outlook.

Analysis of GDP growth suggests that Japan and Singapore will grow 10.0% or more in 2021, mainly driven by a weak 2020 base. The study also undertakes scenario-based assumptions for the 2021-2022 GDP growth forecast, based on vaccine coverage, new COVID-19 outbreaks, government support measures, and recovery pathways that result.

In an accelerated vaccine deployment scenario, Asian countries will potentially achieve a full GDP recovery in 2021 itself; however, in a pessimistic scenario, the recovery of these economies would extend until the end of 2022 or early 2023. Growth prospects for 2023-2025 are however more positive and stable for all countries.

Fiscal tightening, one of the top priorities for governments in this region, could lead to income restraint in the post-pandemic period. Nonetheless, the economic recovery, the gradual reduction in the unemployment rate and an accommodating monetary policy will strengthen the outlook for per capita income in the long term. Structural reforms are also a major area of ​​intervention for governments, as evidenced by the push for digital transformation at the regional level. Governments in this region are also seeking to ease restrictions on foreign investment, the most recent being Japan.

Although depopulation and the high rate of old-age dependency may hold back the growth of the labor force, favorable government policies will help to counter this decline.

A significant portion of the research is also focused on identifying key growth opportunities despite the current volatility. Changes in global supply chains, one of the main consequences of the pandemic, are expected to open up new opportunities in developed countries. Asia.

With from China weakens and producers seek to diversify, other governments in the region – mainly Japan and South Korea – encourage companies to relocate or manufacture nearshore products in their country. The emergence of new growth poles, far from capitals, creates a favorable business environment for companies in sectors such as renewable energy, R&D, tourism and smart city infrastructure.

Main issues addressed

  • What are the GDP growth prospects for developed Asia in a baseline, optimistic and pessimistic scenario?

  • What are the sectors on which the government’s reform program is focused?

  • What sectors are likely to gain momentum after the pandemic in the region?

  • What are the top 10 provinces / prefectures of Japan and Korea which will contribute the largest share of GDP and population by 2026?

  • What are the main post-pandemic growth opportunities that companies could exploit?

  • What are the national visions and their implications for companies?

  • How are governments changing their macroeconomic policies to cope with the disruptions induced by the pandemic?

  • What are the opportunities for domestic exporters of the latest free trade agreements signed by developed Asian governments?

  • What are the new incentives offered to foreign investment?

Main topics covered:

1. Strategic imperatives

  • Why is it harder and harder to grow taller?

  • The strategic imperative

  • Impact of the three main strategic imperatives on the macroeconomic environment in developed Asia

  • Growth opportunities fuel the growth pipeline engine

2. Analysis of growth opportunities – Macroeconomic environment in developed Asia

  • Macroeconomic environment, developed Asia

  • Key macroeconomic indicators for Japan

  • Key macroeconomic indicators for South Korea

  • Key macroeconomic indicators for Singapore

  • Growth drivers for the macroeconomic environment in developed Asia

  • Growth Constraints for the Macroeconomic Environment in Developed Asia

  • Forecast assumptions for 2021-2022 GDP growth

  • Economic trends and forecasts for developed Asia

3. Economic Outlook for Developed Asia

  • Quarterly GDP growth (2021-2022), Japan

  • Quarterly GDP growth (2021-2022), South Korea

  • Quarterly GDP growth (2021-2022), Singapore

  • Annual GDP growth, developed Asia

  • Structure of the economy, developed Asia

  • Per Capita Income Outlook, Developed Asia

  • Income and population analysis by prefecture, Japan

  • Income and population analysis by province, South Korea

  • National vision and implications, Japan

  • National vision and implications, South Korea

  • National vision and implications, Singapore

  • Macroeconomic policy changes over the next five years, developed Asia

  • Recent Free Trade Agreements (FTAs), Developed Asia

  • Digital economy trends, developed Asia

4. Demographic and Social Outlook for Developed Asia

  • Analysis of the age structure of the population, developed Asia

  • Implications of population aging, developed Asia

  • Unemployment and Wage Outlook, Developed Asia

  • Labor Market Outlook, Developed Asia

5. Outlook for the Investment Environment for Developed Asia

  • Latest investment promotion measures, Japan

  • Latest investment promotion measures, South Korea

  • Latest investment promotion measures, Singapore

  • Industries promoted in the future, Japan

  • Industries promoted in the future, South Korea

  • Industries promoted in the future, Singapore

  • Comparison of FDI restriction, developed Asia

6. Universe of growth opportunities

  • Growth Opportunity 1 – Telecommuting and Smart City Technology Opportunities for Emerging Suburban Growth Centers

  • Growth opportunity 2 – Green plans and initiatives for a carbon neutral society

  • Growth opportunity 3 – Expansion of production capacity for supply chain changes

For more information on this report, visit

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Research and markets
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