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APAC to continue pattern of economic recovery

Moody’s Analytics said 2022 will maintain its general pattern of economic recovery and expansion across the Asia Pacific region even as weakened trade patterns and persistent inflation will dampen economic growth in H2 of this year. Moody’s said the outlook for the remainder of this year has shifted the most for China and Hong Kong, with GDP growth this year in China projected to reach only 3.4%. For this year, Malaysia and Indonesia will benefit from high commodity prices, even if many prices have already peaked or soon will. Economic growth in 2023 for APAC is expected to decelerate following similar slowdowns in North America and Europe as they absorb higher interest rates.

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