Magazines Archives - 2009 October

Is the global economic recovery already on ... ? - Part 1: Probably yes, but Asian retailers remain guarded about its drivers and downsides
Story 1 - One Viewpoint

Scarcely 12 months into what had been widely dubbed the mother of all economic crises, recovery has surprisingly appeared to have started. And, now, the crisis is said to have bottomed out and to be recovering. But the rebound seems to be happening so much sooner and stronger than the most optimistic expert prognosis. The experts also believe that Asian economies have been the impetus for the rebound and they are poised to lead the recovery. What had driven the fast recovery? Is it real and sustainable? What
are the downsides? These are key questions facing Asian retailers as they prepare for the upcoming, all-important year-end holiday shopping season …

Steven HL Goh is the executive chairman of RETAIL ASIA. He is also CEO of The Business Company, a consulting firm advising multinational retailers on retail strategies and business development opportunities in the Asia-Pacific.

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