South China Morning Post
AsiaPac · 3 hrs ago
✦ 75◉ Centre
Asia-Pacific to lead global retail sales, weather Middle East conflict
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Quality 75/100
Partisan intensity 25/100
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◉ Centre ✓ Fair headline
Asia-Pacific is projected to lead global retail sales growth over the next five years despite Middle East conflict creating headwinds for consumer confidence through energy price increases and supply chain disruptions.
Asia-Pacific to lead global retail sales, weather Middle East conflict
Asia-Pacific is expected to drive global retail sales over the next five years, even as the Middle East conflict is hurting consumer confidence, according to business analysts.
The war could continue to weigh on consumer and business sentiment for now due to higher energy prices and supply chain disruption, Anand Ramanathan, Deloitte Asia-Pacific’s retail and consumer products sector leader, said in an interview.
“As borrowing costs rise and financial conditions tighten, consumers and businesses
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