skip to log on skip to main content
VoiceOver users please use the tab key when navigating expanded menus
Article related to:


Outlook 24: bright in Asia

Head of Asia Research, ANZ

2023-12-13 00:00

The economic outlook for Asia in 2024 looks brighter.

We’re already seeing a recovery in exports across the region, and prospects are looking better.

In addition, 2024 heralds the Year of the Dragon – traditionally associated with an increase in birth rates and consumption.

The US Federal Reserve is expected to start cutting interest rates in 2024, which will take pressure off the US dollar and likely lead to an increase in foreign investment flows back into Asia.

This should also help to boost investment and activity.


After another transformative year across markets and the economy, businesses in the Asia-Pacific region are beginning to turn their minds to their priorities for 2024.

The ongoing speed of digitisation, shifting supply chains, and continued geopolitical uncertainty will all play a role in the macroeconomic environment in the New Year. 

Over the coming weeks, ANZ Institutional will bring you select insights from our broad range of subject-matter experts, helping your business better prepare for 2024 and beyond.


Khoon Goh is Head of Asia Research, ANZ

Outlook 24: bright in Asia
Khoon Goh
Head of Asia Research, ANZ
Sign up
Icon of ANZ logo coming out of an envelope

Receive insights direct to your inbox


Related articles

  • Technology

    Outlook 24: digital first

    Hariramchakraborthy Janakiraman Head of Industry & Innovation, Transaction Banking, ANZ

    Businesses at the forefront of the market are already thinking digitally in all their work.

    2023-11-28 00:00
  • Economy

    Fed to cut in Q3

    Brian Martin & Tom Kenny Head of G3 Economics & Senior International Economist, ANZ

    ANZ Research expects the US Federal Reserve to cut interest rates in the second half of calendar 2024, kicking off a 200-basis-point reduction cycle.

    2023-12-06 00:00

This publication is published by Australia and New Zealand Banking Group Limited ABN 11 005 357 522 (“ANZBGL”) in Australia. This publication is intended as thought-leadership material. It is not published with the intention of providing any direct or indirect recommendations relating to any financial product, asset class or trading strategy. The information in this publication is not intended to influence any person to make a decision in relation to a financial product or class of financial products. It is general in nature and does not take account of the circumstances of any individual or class of individuals. Nothing in this publication constitutes a recommendation, solicitation or offer by ANZBGL or its branches or subsidiaries (collectively “ANZ”) to you to acquire a product or service, or an offer by ANZ to provide you with other products or services. All information contained in this publication is based on information available at the time of publication. While this publication has been prepared in good faith, no representation, warranty, assurance or undertaking is or will be made, and no responsibility or liability is or will be accepted by ANZ in relation to the accuracy or completeness of this publication or the use of information contained in this publication. ANZ does not provide any financial, investment, legal or taxation advice in connection with this publication.