Developed Asia Transformational Macroeconomic Trends Report 2021: Future Growth Potential Driven by Global Supply-chain Shifts, Green Strategies, and Digital Economy

Dublin, Sept. 20, 2021 (GLOBE NEWSWIRE) -- The "Transformational Macroeconomic Trends Shaping Developed Asia Until 2026" report has been added to's offering.

This research takes a look into the national vision, macroeconomic policy shift, new trade deals, and industries promoted since the onset of the pandemic.

Foreign and domestic direct investors should look out for 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-technology industries driven by digital transformation; green industries, such as renewable energy, and electric and cleaner engine model vehicles; smart manufacturing; and healthcare.

The business environment in Developed Asia (Japan, South Korea, and Singapore) continues to be uncertain despite coordinated policy efforts and government stimuli to foster economic revival. The next few months are going to crucial for the region, as countries try to overcome the pandemic.

This macroeconomic outlook for Developed Asia until 2026 will enable clients to develop scenario-based macroeconomic growth projections, to gain deeper insights into the income, trade, investment, and demographic conditions in Japan, Korea, and Singapore. The research has been divided into three key sections: the overall economic outlook, demographic social outlook, and investment environment outlook.

The GDP growth analysis suggests that Japan and Singapore will register growth of 10.0% or more in 2021, primarily driven by a low 2020 base. The study also undertakes scenario-driven assumptions for the 2021-2022 GDP growth forecast, on the basis of vaccination coverage, further outbreaks of COVID-19, government support measures, and resultant recovery paths.

Under an accelerated vaccine deployment scenario Asian countries will potentially reach a full GDP recovery in 2021 itself; however, under a pessimistic scenario, the recovery of these economies would stretch out to late 2022 or early 2023. The growth prospects for 2023-2025 are, however, more positive and stable for all countries.

Fiscal tightening, one of the key priorities of governments in this region may lead to restrained income in the post-pandemic period. This notwithstanding, economic recovery, gradual reduction in the unemployment rate, and easy monetary policy will strengthen the long-term per capita income outlook. Structural reforms are also a major focus area for governments, as is evident from region-wide digital transformation push. Governments in this region are also looking to ease up restrictions on foreign investment, the most recent being Japan.

Though depopulation and the high old-age dependency ratio may drag down growth of the working population, favorable government policies will counter the decline.

A significant part of the research also focuses on identifying key growth opportunities despite the ongoing volatility. Shifts in global supply chains, one of the top consequences of the pandemic, is set to open up newer opportunities in developed Asia.

With China's position as a go-to manufacturing location weakening, and producers are looking to diversify, other governments in the region - primarily Japan and South Korea - are incentivizing companies that reshore or nearshore manufacturing in their countries. The emergence of newer growth hubs, away from capitals, creates a favorable business environment for companies in sectors, such as renewables, R&D, tourism, and smart city infrastructure.

Key Issues Addressed

  • What is the GDP growth outlook for Developed Asia under a baseline, optimistic, and pessimistic scenario?
  • Which are the sectors the government reform agenda is focused on?
  • What are the sectors that are likely to gain post-pandemic momentum across the region?
  • What are the top 10 provinces/prefectures in Japan and Korea that will contribute to the largest share in GDP and population by 2026?
  • What are some of the key post-pandemic growth opportunities that businesses could tap into?
  • What are the national visions and their implications for businesses?
  • How are governments changing their macroeconomic policies to address the pandemic-induced disruption?
  • What are the opportunities for domestic exporters from the latest free trade agreements signed by developed Asian governments?
  • What are the new incentives offered to foreign investments?

Key Topics Covered:

1. Strategic Imperatives

  • Why Is It Increasingly Difficult to Grow?
  • The Strategic Imperative
  • Impact of the Top Three Strategic Imperatives on the Macroeconomic Environment in Developed Asia
  • Growth Opportunities Fuel the Growth Pipeline Engine

2. Growth Opportunity Analysis - Macroeconomic Environment in Developed Asia

  • Macroeconomic Environment, Developed Asia
  • Key Macroeconomic Metrics for Japan
  • Key Macroeconomic Metrics for South Korea
  • Key Macroeconomic Metrics for Singapore
  • Growth Drivers for the Macroeconomic Environment in Developed Asia
  • Growth Restraints for the Macroeconomic Environment in Developed Asia
  • Forecast Assumptions for 2021-2022 GDP Growth
  • Economic Trends and Predictions 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 Shifts in 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

  • Population Age Structure Analysis, Developed Asia
  • Ageing Population Implications, Developed Asia
  • Unemployment and Wages Outlook, Developed Asia
  • Labor Market Outlook, Developed Asia

5. Investment Environment Outlook for Developed Asia

  • Latest Investment Promotion Measures, Japan
  • Latest Investment Promotion Measures, South Korea
  • Latest Investment Promotion Measures, Singapore
  • Promoted Industries Going Forward, Japan
  • Promoted Industries Going Forward, South Korea
  • Promoted Industries Going Forward, Singapore
  • FDI Restrictiveness Comparison, Developed Asia

6. Growth Opportunity Universe

  • Growth Opportunity 1 - Telecommuting and Smart City Technology Opportunities for Emerging Suburban Growth Hubs
  • Growth Opportunity 2 - Green Plans and Initiatives for a Carbon-neutral Society
  • Growth Opportunity 3 - Production Capacity Expansion for Supply-chain Shifts

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