Magazines Archives - 2011 December

Happy New Year!
Part 1: How happy will 2012 be for Asian consumer markets?
Story 1 - One Viewpoint

At the final quarter mark of 2011, the dark clouds of a global economic recession loomed ominously in the shadow of the continuing US economic doldrums and the Eurozone debt crisis. Analysts and expert organisations are generally optimistic about Asian economies’ resilience and about their capacity to withstand a global economic downturn if and when one hits. Their prognoses are fairly positive — citing Asia’s robust financial position and the growing strength of Asia’s domestic consumption … So, although it may be a grim outlook for the global economy, it may not be totally gloom and doom for Asian economies in the New Year. It may still be a reasonably happy 2012 for Asia’s consumer markets and retailers …

by Steven HL Goh

Steven HL Goh is the executive chairman of RETAIL ASIA. He is also CEO of The Business Company, a consulting firm advising multinational retailers on retail strategies and business development opportunities in the Asia-Pacific.

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