APAC: Innovation drives resilience

11/19/24 • 16 min

Key Takeaways:

High dollar debt and increases in interest rates have slowed FDI
Cultural cohesion amid different stages of development across the region
Digitalization changes everything: financial inclusion, innovation; education—particularly for the younger generations
Regional geography means climate issues are more strongly felt, spurring innovation in climate tech and other technologies
Tech innovation is booming--and differently in different countries: fintech; climate tech, manufacturing tech, ecommerce

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The opinions expressed on FX in Focus are those of the speakers only, and do not necessarily reflect the views of Corpay Inc.

Key Takeaways:

High dollar debt and increases in interest rates have slowed FDI
Cultural cohesion amid different stages of development across the region
Digitalization changes everything: financial inclusion, innovation; education—particularly for the younger generations
Regional geography means climate issues are more strongly felt, spurring innovation in climate tech and other technologies
Tech innovation is booming--and differently in different countries: fintech; climate tech, manufacturing tech, ecommerce

------------------

The opinions expressed on FX in Focus are those of the speakers only, and do not necessarily reflect the views of Corpay Inc.

Key Takeaways:

Political polarization and new leadership policy changes can exacerbate systemic challenges
Monetary policies differ by country leadership; new leaders taking different approaches
Proximity to the US and Canada as trading partners offers competitive advantage
High exposure to the US dollar, dollar-denominated debt and rising inflation can hamper development
New technologies, new discoveries, new policies spark growth and changing dynamics

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The opinions expressed on FX in Focus are those of the speakers only, and do not necessarily reflect the views of Corpay Inc.

Key Takeaways:

Intraregional trading relationships developed to manage COVID supply chain challenges and geopolitical disruption are positioning African countries for growth
Rising interest rates make imports more expensive; efforts to reducing reliance on the euro and the US dollar
Regional trade and currency unions spur more local producing and trade
Increased digitalization offers access to financial infrastructure, and even more important: education for young and growing population
Liberalization in monetary policies as some tensions ease
Leaning toward democracy; new leaders educated abroad returning to Africa
New investment from corporates in the region - taking a chance on the promise of growth

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The opinions expressed on FX in Focus are those of the speakers only, and do not necessarily reflect the views of Corpay Inc.