A vaccine boost that’s extending recovery in Asia
Growth potentials have emerged in select sectors as vaccines are distributed across Asia.
Source: Brookings Institute, HSBC estimate as of 2018.
First row numbers = estimated increment by 2023.
Second row numbers = estimated middle class population in 2023.
Provided for information only to illustrate structural trend. Estimates and forecasts are indicative, may or may not come to pass.
Source: Bloomberg, J.P. Morgan Asset Management, data as of 31.12.2019.
# Since September 2014. * Since October 2010.
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