GDP Archives - Inside Retail Asia
Philippine economy grows stronger with GDP rising 7 per cent.
Philippine GDP surpasses China growth for the first time in three decades.
Strong economic prospects and favourable demographics will continue to see Asia Pacific’s retail landscape evolve – but the speed of growth with differ across markets, writes Lee Fong* of JLL. A growing, wealthier consumer base will present many opportunities; however, retailers and mall operators are likely to be more selective about growth strategies as competition intensifies. In emerging Asia Pacific, Tier 2 and 3 cities will gain prominence as retailer presence and shopping centre stoc…
Indonesia’s retail sector is resilient to slower economic growth, with strong growth forecast ahead. Andreas Kartawinata, head of government and association relations of the Indonesian Shopping Centers Association (APPBI), says the retail sector will grow 15 per cent by the end of 2014. The country’s GDP growth is forecast to slow from 5.6 per cent in 2013 to 5.3 per cent this year, however, the retail sector will thrive. The Java Great Sale Festival, linking more than 200 shopping malls i…
New report says consumption in India will touch $3.6 trillion in 2020.
Sales grow 12.9 per cent in May.