Shanghai, China
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.










International Monetary Fund APAC Outlook 2024: APAC GDP +4.5% in 2024 & +4.3% in 2025, Top 5 Largest APAC Countries China +4.6%, Japan +0.9%, India +6.8%, Australia +1.5%, South Korea +2.3%, Financial Centres Outlook Hong Kong +2.9%, Singapore +2.1%, Top 5 APAC Countries GDP China $17.9 Trillion, Japan $4.2 Trillion, India $3.4 Trillion, Australia $1.6 Trillion, South Korea $1.6 Trillion

3rd May 2024 | Hong Kong

The International Monetary Fund (IMF) has released the IMF APAC Outlook 2024, providing key insights into Asia-Pacific economies and GDP growth forecast for 2024 and 2025.  Asia-Pacific economies are expected to grow +4.5% in 2024 and +4.3% in 2025 (2023: +5%).  Top 5 Largest APAC Countries Outlook (2024 GDP Forecast) – China +4.6%, Japan +0.9%, India +6.8%, Australia +1.5%, South Korea +2.3%.  Financial Centres Outlook (2024 GDP Forecast) – Hong Kong +2.9%, Singapore +2.1%.  Top 10 Fastest Growing (2024 GDP Forecast) – India +6.8%, Mongolia +6.5%, Philippines +6.2%, Cambodia +6%, Vietnam +5.8%.  Top 5 APAC Countries (GDP) – China $17.9 trillion, Japan $4.2 trillion, India $3.4 trillion, Australia $1.6 trillion, South Korea $1.6 trillion.  Top 5 Southeast Asia Countries (GDP) – Singapore $466 billion, Indonesia $1.3 trillion, Thailand $495 billion, Malaysia $407 billion, Philippines $404 billion.  Financial Centres GDP – Hong Kong $359 billion, Singapore $466 billion.  Key IMF APAC Outlook 2024 – Increased APAC regional growth forecast by 0.3% to +4.5%, Revision reflects upgrades for China, India remains an important driver, Robust private consumption will remain the main growth driver in Asia.  China Property Sector Correction – Deepening of the property sector downturn marred the rebound after the country’s post-COVID reopening in early 2023, China economy grew by +5.2% in 2023, more than previously forecast.  Key Insights Uneven inflation outcomes, China property sector correction, China policy options, Global & Asia trade risks.  See below for key findings & summary | View report here:

“ APAC GDP +4.5% in 2024 & +4.3% in 2025, Top 5 Largest APAC Countries China +4.6%, Japan +0.9%, India +6.8%, Australia +1.5%, South Korea +2.3%, Financial Centres Outlook Hong Kong +2.9%, Singapore +2.1%, Top 5 APAC Countries GDP China $17.9 Trillion, Japan $4.2 Trillion, India $3.4 Trillion, Australia $1.6 Trillion, South Korea $1.6 Trillion “

 



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
23rd July Hong Kong | 25th July Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 23rd July 2024 in Hong Kong, 25th July 2024 in Singapore.
Visit | Register here


The 2024 Family Office Summit
16th Oct Hong Kong | 23rd Oct Singapore

Join 80 single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here





 

International Monetary Fund APAC Outlook 2024: APAC GDP +4.5% in 2024 & +4.3% in 2025, Top 5 Largest APAC Countries China +4.6%, Japan +0.9%, India +6.8%, Australia +1.5%, South Korea +2.3%, Financial Centres Outlook Hong Kong +2.9%, Singapore +2.1%, Top 5 APAC Countries GDP China $17.9 Trillion, Japan $4.2 Trillion, India $3.4 Trillion, Australia $1.6 Trillion, South Korea $1.6 Trillion

Shanghai, China

The International Monetary Fund (IMF) has released the IMF APAC Outlook 2024, providing key insights into Asia-Pacific economies and GDP growth forecast for 2024 and 2025.  See below for key findings & summary | View report here:

Summary

  1. 2023 GDP: +5%
  2. 2024 GDP Forecast: +4.5%
  3. 2025 GDP Forecast: +4.3%
  4. Top 5 Largest APAC Countries Outlook (2024 GDP Forecast) – China +4.6%, Japan +0.9%, India +6.8%, Australia +1.5%, South Korea +2.3%
  5. Financial Centres Outlook (2024 GDP Forecast) – Hong Kong +2.9%, Singapore +2.1%
  6. Top 10 Fastest Growing (2024 GDP Forecast) – India +6.8%, Mongolia +6.5%, Philippines +6.2%, Cambodia +6%, Vietnam +5.8%
  7. Top 5 APAC Countries (GDP) – China $17.9 trillion, Japan $4.2 trillion, India $3.4 trillion, Australia $1.6 trillion, South Korea $1.6 trillion
  8. Top 5 Southeast Asia Countries (GDP) – Singapore $466 billion, Indonesia $1.3 trillion, Thailand $495 billion, Malaysia $407 billion, Philippines $404 billion
  9. Financial Centres GDP – Hong Kong $359 billion, Singapore $466 billion
  10. Key IMF APAC Outlook 2024 – Increased APAC regional growth forecast by 0.3% to +4.5%, Revision reflects upgrades for China, India remains an important driver, Robust private consumption will remain the main growth driver in Asia
  11. China Property Sector Correction – Deepening of the property sector downturn marred the rebound after the country’s post-COVID reopening in early 2023, China economy grew by +5.2% in 2023, more than previously forecast
  12. Key Insights Uneven inflation outcomes, China property sector correction, China policy options, Global & Asia trade risks

 

 

International Monetary Fund APAC Outlook 2024

1) APAC GDP Outlook

APAC GDP Outlook

  • 2023 GDP: +5%
  • 2024 GDP Forecast: +4.5%
  • 2025 GDP Forecast: +4.3%

2024 Top 5 Largest APAC Countries Outlook (GDP):

  1. China: +4.6%
  2. Japan: +0.9%
  3. India: +6.8%
  4. Australia: +1.5%
  5. South Korea: +2.3%

2024 Financial Centres Outlook (GDP):

  • Hong Kong: +2.9%
  • Singapore: +2.1%

2024 APAC Countries Outlook:

  • China: +4.6%
  • Hong Kong: +2.9%
  • Japan: +0.9%
  • South Korea: +2.3%
  • India: +6.8%
  • Singapore: +2.1%
  • Indonesia: +5%
  • Thailand: +2.7%
  • Malaysia: +4.4%
  • Philippines: +6.2%
  • Vietnam: +5.8%
  • Australia: +1.5%
  • New Zealand: +1%
  • Bangladesh: +5.7%
  • Mongolia: +6.5%
  • Nepal: +3.1%
  • Cambodia: +6%
  • Lao: +4%
  • Myanmar: +1.5%
  • Brunei: +2.4%

Top 10 Fastest Growing (2024 GDP Forecast):

  1. India: +6.8%
  2. Mongolia: +6.5%
  3. Philippines: +6.2%
  4. Cambodia: +6%
  5. Vietnam: +5.8%
  6. Bangladesh: +5.7%
  7. Indonesia: +5%
  8. China: +4.6%
  9. Malaysia: +4.4%
  10. Lao: +4%

2025 APAC Countries Outlook (GDP):

  • China: +4.1%
  • Hong Kong: +2.7%
  • Japan: +1%
  • South Korea: +2.3%
  • India: +6.5%
  • Singapore: +2.3%
  • Indonesia: +5.1%
  • Thailand: +2.9%
  • Malaysia: +4.4%
  • Philippines: +6.2%
  • Vietnam: +6.5%
  • Australia: +2%
  • New Zealand: +2%
  • Bangladesh: +6.6%
  • Mongolia: +6%
  • Nepal: +5.2%
  • Cambodia: +6.1%
  • Lao: +4%
  • Myanmar: +2%
  • Brunei: +2.5%

Top 10 Fastest Growing (2025 Forecast):

  1. Bangladesh: +6.6%
  2. India: +6.5%
  3. Vietnam: +6.5%
  4. Philippines: +6.2%
  5. Cambodia: +6.1%
  6. Mongolia: +6%
  7. Nepal: +5.2%
  8. Indonesia: +5.1%
  9. Malaysia: +4.4%
  10. China: +4.1%

 

2) 2024 World Bank GDP Data (2022 GDP)

Top 15 APAC Countries (GDP)

  1. China – $17.9 trillion
  2. Japan – $4.2 trillion
  3. India – $3.4 trillion
  4. Australia – $1.6 trillion
  5. South Korea – $1.6 trillion
  6. Indonesia – $1.3 trillion
  7. Thailand – $495 billion
  8. Singapore – $466 billion
  9. Bangladesh – $460 billion
  10. Vietnam – $408 billion
  11. Malaysia – $407 billion
  12. Philippines – $404 billion
  13. Hong Kong – $359 billion
  14. New Zealand – $248 billion
  15. Myanmar – $62 billion

North Asia

  • China – $17.9 trillion
  • Hong Kong – $359 billion
  • Japan – $4.2 trillion
  • South Korea – $1.6 trillion
  • Mongolia – $17 billion

South Asia

  • India – $3.4 trillion
  • Bangladesh – $460 billion
  • Nepal – $40 billion

Southeast Asia

  • Singapore – $466 billion
  • Indonesia – $1.3 trillion
  • Thailand – $495 billion
  • Malaysia – $407 billion
  • Philippines – $404 billion
  • Vietnam – $408 billion
  • Myanmar – $62 billion
  • Cambodia – $29 billion
  • Lao – $15 billion
  • Brunei – $16 billion

Oceania

  • Australia – $1.6 trillion
  • New Zealand – $248 billion

 

3) IMF APAC Outlook 2024

Key Insights:

  1. Increased APAC regional growth forecast by +0.3% from 4.2% to 4.5% for 2024
  2. Growth forecast for 2025 is unchanged at 4.3%
  3. Revision reflects upgrades for China, where we expect policy stimulus to provide support
  4. India, where public investment remains an important driver, making it the world’s fastest-growing major economy
  5. Robust private consumption will remain the main growth driver in Asia’s other emerging market economies
  6. Global disinflation and the prospect of lower central bank interest rates have made a soft landing more likely

A) Uneven inflation outcomes:

  • Inflation higher than target – New Zealand, Australia, South Korea
  • Inflation near target – India, Japan, Philippines, Indonesia, Vietnam
  • Inflation below target – Thailand
  • No inflation target – China, Hong Kong, Singapore, Malaysia 

B) China property sector correction:

  1. Deepening of the property sector downturn marred the rebound after the country’s post-COVID reopening in early 2023
  2. China economy grew by +5.2% in 2023, more than previously forecast
  3. Raised growth estimate for 2024 by 0.4% to 4.6%
  4. Key risks for Asia’s economy remains a protracted property sector correction in China that would weaken demand and could increase the odds of sustained deflation
  5. China direct trade spillovers – China’s falling export prices that put pressure on the profit margins of the country’s competitors: recent IMF staff analysis shows that Chinese export price declines reduce both export prices and quantities of other Asian economies, especially those with a similar export structure.

C) China policy options that will affect itself & region:

  1. A policy package that accelerates the exit of nonviable property developers, promotes the completion of housing projects, and manages debt risks of local governments would boost confidence, support demand, and help the economy reflate—and therefore improve growth prospects for both China and neighboring countries. 
  2. By contrast, policies that boost supply—such as investment subsidies to specific companies and industries—would worsen overcapacity, reinforce deflationary pressures, and potentially provoke trade frictions.

D) Global & Asia trade risks:

  1. Reinforcing frictions would be a dismal outcome for a region that has benefitted so much from trade openness
  2. One outcome is an inefficient lengthening of supply chains, as trade is channeled through third countries. 
  3. Many of Asia economies are deeply integrated into global supply chains and benefit greatly from trade.
  4. Policymakers should be cautious to not aggravate trade frictions themselves
  5. Beyond the short term, population aging, slowing productivity growth, and new technologies such as artificial intelligence confront policymakers in Asia with important challenges. 
  6. Common need to invest in capital, digital infrastructure, and workforce skills, to preserve Asia’s role as growth engine of the world economy.

 

 

4) International Monetary Fund APAC Outlook 2024

International Monetary Fund APAC Outlook 2024



Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    Investment ProfessionalAdvisorProfessional InvestorFinancial ProfessionalManagementOthers


    $20 million to $100 million AUM$100 million to $300 million AUM$300 million to $1 billion AUM$1 billion to $10 billion AUM$10 billion to $100 billion AUMMore than $100 billion AUM


    Mailing List / Free TrialMonthly SubscriptionYearly SubscriptionMembershipEvents


    2024 Investment Day Hong Kong 23rd July2024 Investment Day Singapore 25th July2024 Investment Day Hong Kong 4th Sept2024 Investment Day Singapore 11th Sept2024 Family Office Summit Hong Kong 16th Oct2024 Family Office Summit Singapore 23rd Oct / 6th Nov










    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • June 2024 - Hong Kong
    • June 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014




    Previous articleFOMC Meeting 2024 May: United States Fed Maintains Interest Rate at 5.25% – 5.5% Range, Target Inflation at 2%
    Next articleUBS to Host Week-Long UBS Asian Investment Conference in Hong Kong on the Week of 27th May 2024 for 2,000 Global Institutional Investors, UHNW & HNW Investors, and Joined by Top Executives & Entrepreneurs from 300 of the Most Dynamic Private & Public Companies in APAC
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia