Amid a backdrop of weaker global trade and higher interest rates, economies across the Asia-Pacific region are poised for resilient growth in 2023, although weaker than in 2022.
In its latest Asia Pacific’s economic outlook update, S&P Global Ratings (S&P) has cut its 2023 gross domestic product (GDP) growth forecast for China to 4.8% from the 5.2% forecast made in June, following a property-driven downturn.
However, the credit rating agency expects the region’s GDP excluding China to grow by 3.9% in 2023, compared to the 3.8% forecast made in June, owing to the resilience of respective domestic economies.
Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.
