Fitch Ratings predicts robust economic growth in APAC's emerging markets like India, Indonesia, the Philippines, and Vietnam in 2024. However, challenges, including slower Chinese growth and global demand, might affect various sectors. While sectors in China face headwinds, particularly property developers and banks, a sharper slowdown there could impact the region adversely. Evolving economic dynamics, government policies, and global market conditions will sway sector-specific outlooks, especially affecting banking sectors in developed markets due to the peaking interest rate cycle. Geopolitical tensions could prompt supply chain diversification, notably influencing industrial and technology sectors.
