APAC Capital Markets Midyear Outlook 2024

INTEREST RATE HIKES HAVE SLOWED ECONOMIC GROWTH

INTEREST RATE MOVEMENTS SINCE DEC-19 (bps)

REAL AVERAGE ANNUAL GDP GROWTH

15%

-200 -150 -100 -50 0 50 200 250 300 350 400 450 500 100 150

US Euro UK

10%

India

Australia

Chinese mainland

5%

US

Australia

Japan Euro UK

0%

India

-5%

Japan

-10%

Chinese mainland

-15%

5

Source: Moody’s Analytics