Asia Pacific’s economic growth is expected to hold steady, with India as the fastest-growing economy, thanks to its GDP growth of 6.6 percent and consumer spending growth of 6.2 percent, fuelled by a rising middle class and investment.
“If 2024 was about ‘getting back to normal,’ 2025 is about normalization as volatility subsides and easing monetary policy allows consumers to benefit from economic growth,” said David Mann, Asia Pacific chief economist at Mastercard Economics Institute (MEI).
