Forecast Report

Asia Pacific Tech Market Outlook For 2012 To 2014

Political Inertia Hampers Asian Economic And Tech Market Growth

January 23rd, 2013
With contributors:
Christopher Mines , Joanna Clark

Summary

The Asia Pacific region is often thought of as the growth engine of the global economy and thus of the tech market. But that engine has been misfiring on some key cylinders, leading to slower growth in the regional tech market in 2012. While Australia, Korea, and several Association of Southeast Asian Nations (ASEAN) tech markets are showing good or improving growth, in other markets like China, India, Japan, Malaysia, and Vietnam, political leaders seem paralyzed in the face of growing economic problems. China after its political transition is likely to resume growth in 2013, though at a slower pace than in 2010 and 2011. But India and Japan will still be hamstrung by political gridlock, and both economic and tech market growth will languish in those countries until 2014.

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