A Cushman & Wakefield Research Publication - 2017 Global Forecast

Global banks are once again on a hiring spree in keyAsian markets in an attempt to capitalize on growth in the region.

JOBS The region as a whole will see office employment increase by 2.3% this year as economic conditions remain conducive, with China contributing 80% of new employment in the region. Excluding China, the region’s emerging markets remains the chief source of gains, with Indonesia and the outsourcing hubs of India and Philippines expected to register the highest jobs created this year. Ongoing investments in infrastructure is likely to sustain continued employment gains in the emerging economies. Australia will buck the region-wide trend with

office employment expected to remain largely flat. However, the Victoria state remains a bright spark and is expected to be the chief source of job creation amongst the Australian states and territories over the next five years. In particular, the state’s capital city, Melbourne, has seen record interstate migration as a number of corporate and public agencies set up headquarters there, the most recent being Chinese e-commerce giant Alibaba.

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