Retail Sales Set for Double-Digit Growth

Retail sales across the Asia Pacific region is set for double-digit growth as consumer spending is expected to make a robust turnaround this year, reports The Straits Times.


Citing the inaugural MasterCard Worldwide Index of Consumer Spending Capability (MWICSC), the Times notes that "all 14 markets in this year's survey show positive year-on-year changes compared with 2009, indicating rising consumer spending capability moving forward."


Dr Yuwa Hedrick-Wong, economic advisor, Asia/Pacific, MasterCard Worldwide states that consumers are now in a position to pick up the slack left behind by the termination of government spending to keep domestic demand growing.



Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern