The economic outlook for major Asia-Pacific markets remains relatively healthy, with overall regional growth estimates for 2017 upgraded slightly to 4.6% in the third quarter. This was led by improved forecasts in Australasia and India, which helped to widen the region’s expected outperformance over North America (2.2%) and the euro zone (1.3%). However, with the surprise victory of Donald Trump in the US presidential elections in November, there is now some potential for a stronger US domestic economy at the expense of global trade.
Uncertainty over US trade policies could lead to a re-assessment of regional performance but the actual impact could be drawn out, so there are strong grounds to remain optimistic, not least because of growing intraregional trade.
Source : M&G Real Estate