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Economic Pulse Asia Podcast - November 2012
Economic Pulse Asia Podcast - November 2012
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Moderate Growth Is New Norm
As Sigrid Zialcita, Managing Director, Research , Asia Pacific, explains, “Even though a number of countries will remain in recession through the first half of 2013, modest positive growth is forecast for the region overall. As well, the sluggish “average” of the region will hide some stronger areas of regional and sector growth.
For the office sector, sustained job gains will underpin steady improvement in leasing activity well into 2013, albeit strong increases are less likely. Grade A rents still have room to grow in most cities – with new records likely to be set in Shanghai, Beijing and Jakarta. A soft landing in China will also reinforce a growth slowdown in the region as it has evolved into a vital source of export demand for most Asian economies.
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