research

"The Philippine Gross Domestic Product (GDP) grew by 6.4% in Q1/2023 – its slowest since the economy rebounded in Q2/2021. Domestic consumption took a massive hit from rising interest rates as it started to decelerate to 6.3% YoY from 8.3% in 2022. "

"In 2022, Malaysia’s economy experienced a significant rebound alongside the country’s transition into an endemic phase and the reopening its borders, beginning 1st April 2022. However, at the start of 2023, the pace of economic growth started to moderate. "

"Co-living is defined as a form of rental housing which includes shared living rooms and kitchens apart from private rooms within a single building."

"After a period of exceptionally strong growth coming out of pandemic restrictions, consumer spending is slowing as the impact of higher interest rates and inflation begin to bite. Nominal retail sales rose by 0.4% in March, with annual growth slowing to 5.4%, down from a peak of nearly 20% in mid-2022, and the slowest growth rate in 18 months."

"The tourism industry has played a significant role in the economic recovery of Macau. The city’s gaming revenue saw an astounding YoY growth of over 300%, reaching 49.3 billion in the first four months of 2023. Moreover, statistical data as of April 2023 indicates that the rebound in gaming revenue has exceeded the quarterly target and is expected to continue its upward trend."

"Pakistan’s macroeconomy in the first half of 2023 continued to face challenges as inflation soared to 36.4% in April and the interest rate remained at a high of 21%."

"China’s logistics value experienced robust growth of 3.4% in 2022, reaching RMB347.6 trillion, while the total revenue of the logistics industry amounted to RMB12.7 trillion, exhibiting a year-on-year (YoY) increase of 4.7%. Notably, sectors such as railway transport, the cold chain sector, and express delivery maintained strong growth rates, showcasing their resilience and importance."

"Since the Taiwanese government lifted COVID-19 restrictions in mid-October last year, the tourism market has gradually reopened. As of Q1/2023, the number of visitors to Taiwan reached approximately 1.1 million, approximately 40% of total tourist numbers during the first quarter of 2019."

"It was four full months since border reopened, and Hong Kong has welcomed 7.3 million visitors (5.7 million from Mainland) over the period, representing around 30% of pre-COVID levels."