Faced with the twin prospects of a stagnating US economy and the possible collapse of the euro zone, the outlook for the global economy is darkening. Financial and economic uncertainties are nearing the levels seen during 2008. While emerging markets such as those in Asia will continue to grow, the rate of expansion will be somewhat subdued, especially in export-dependent economies. However, fundamental trends in Asia's markets, most notably rising incomes, ensure that over the medium to longer-term Asia will be a key engine of growth for the global retail and consumer goods industries.
This report, produced in cooperation with the Economist Intelligence Unit, discusses the outlook for six retail and consumer products sub-sectors in Asia - food and general retail, fashion and apparel, online retailing, fast-moving consumer goods ("FMCG"), luxury brands, and durable consumer goods and electronics. It focuses, in particular, on China, Hong Kong, India, Japan and Taiwan, and looks at how the industry is faring in 2011 and is expected to grow through 2015, and opportunities and challenges in the years ahead.