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Asia-Pacific to lead global retail sales growth via e-commerce

Asia-Pacific is expected to drive two-thirds of global new retail sales in the next five years, primarily through e-commerce growth. Despite potential headwinds from rising borrowing costs and the ongoing Middle East conflict impacting energy prices and supply chains, consumer and business sentiment remains cautiously optimistic. A significant majority of surveyed CFOs anticipate revenue stability or growth, even while acknowledging the conflict's negative impact. AI

RANK_REASON Article discusses economic projections and analyst opinions on retail sales, not a specific event.

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Asia-Pacific to lead global retail sales growth via e-commerce

COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Biman Mukherji ·

    Asia-Pacific to lead global retail sales, weather Middle East conflict

    Asia-Pacific is expected to drive global retail sales over the next five years, even as the Middle East conflict is hurting consumer confidence, according to business analysts. The war could continue to weigh on consumer and business sentiment for now due to higher energy prices …