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With its large population, growing middle class and increasingly modern spending habits Indonesia's retail sector is one of the most promising in Asia.

China´s economic growth is forecast to slow down to 6% while downside risks have increased and business insolvencies will increase further in 2019

India´s economic outlook for 2019 and 2020 remains robust with about 7% growth, but a weak banking sector and high corporate indebtedness are concerns.

Indonesia´s short-term economic prospects are generally positive, but it remains vulnerable to sharply decreasing capital flows to emerging markets.

Japan´s export growth will slow down due to lower global trade expansion, but domestic demand will underpin the economic expansion of about 1% in 2019.

The export sector increasingly benefits from relocation of export-oriented industries away from China, due to Vietnam’s relatively low production costs.

Private consumption and public infrastructure investments sustain Thailand´s economic growth in 2019 and 2020, but high household debt remains an issue.

Economic growth is expected to slow down somewhat in 2019 and 2020, mainly due to lower export growth and the cooling down of the Chinese economic cycle.

Due to its high dependency on international trade, Singapore is highly susceptible to global protectionism and a hard landing of the Chinese economy.

Major infrastructure investment is necessary in order to increase private investments and to safeguard high economic growth rates in the long term.