Research Briefing | Mar 31, 2021

APAC | Cities Outlook: Expect a broad return to growth

Tentative recovery for major Asian cities

After an extraordinary downturn across Asian city economies in 2020 we expect a broad return to growth in 2021. But while many cities that contracted will recover to 2019 output levels by the end of this year, some that experienced particularly deep economic scarring or had weak growth momentum pre-pandemic will take longer.

Download the report to find out:

  • Which APAC cities experienced largest falls in GDP in 2020
  • Which APAC cities are expected to see the highest rates of growth in 2021
  • What are the key drivers of growth for APAC cities

If you would like to get access to our forecasts for 47 cities and sub regions in Asia Pacific, click here to submit a free trial request.

Video Thumbnail
Tags: APACCitiesCoronavirusGDPGreater ChinaIndiaJapanRecoverySEA
Back to Resource Hub

Related Services

Takaichi’s big win doesn’t affect the fiscal outlook for Japan

Takaichi’s big win doesn’t affect the fiscal outlook for Japan

The ruling Liberal Democratic Party's (LDP) landslide election victory on Sunday doesn't change our expectation of a primary fiscal deficit of 2%-3% of GDP in FY2026-FY2028 – we still see the deficit only starting to decline from FY2029. We also keep our view that the 10-year Japanese government bond (JGB) yield will be at 2.3% at end-2026 and 2.5% at end-2027 and beyond.
US and Chinese strength won’t boost all other economies

US and Chinese strength won’t boost all other economies

Upward revisions to US and Chinese GDP growth in Q4 meant that the previously anticipated soft end to 2025 failed to materialise.