Magazines Archives - 2010 May
Asian 2010 GDP forecasts upgraded again - Part 2: Would Asian retailers cash registers be sizzling now?
Story 1 - One Viewpoint
Part 1 looked at how the sooner-than-expected economic rebound late last
year had dramatically boosted sentiments across Asian economies, which
were confident enough to begin projecting significantly robust GDP growth
rates for 2010. How bullish were the numbers and how sustainable were
they? Part 2 revisits these questions and looks at how the upbeat outlook
continues to unfurl.A key outcome has been rising consumer confidence.
But the outlook is not entirely without its downsides. And there are
uncertainties from the sovereign debt crisis within the Eurozone now. Asian
retailers can expect their cash registers to ring with more gusto but they
certainly cannot take it for granted.
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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