"Several factors, such as the uncertainties surrounding the global economy, high inflation levels, the invasion of Ukraine by Russia, and the slowing demand for consumer electronics have inevitably had a negative impact on Taiwan’s economy. The Directorate General of Budget, Accounting, and Statistics (DGBAS) has revised Taiwan’s GDP projections for 2022 and 2023 to 3.76% and 3.05%, respectively."

"The figures show that Malaysia has taken top spot in terms of the number of tourist visitors to Thailand this year, beating the prepandemic conqueror, China. The Baht has suffered as a result of the Fed’s aggressive posture on interest rates, as well as demand for safe-haven currencies. Rising interest rates and tourism income should help the Baht gain momentum towards the end of 2022 and into 2023. "

"A surge in COVID cases and subsequent lockdown in March had an outsized effect on the retail market, with Shanghai’s retail sales falling 10.7% YoY in the first three quarters of 2022, with wholesale and retail sales down 9.4% YoY, and accommodation and F&B sales down 24.8% YoY After the lockdown was eased in June, consumption began to recover with consumer spending skewed towards food, though there was also a pickup in some discretionary expenditure in Q3/2022, such as NEVs (New Energy Vehicles), smartphones, jewellery and cosmetics growing by 39.8%, 6.6%, 4.9% and 1.3%, respectively."

"As core inflation rose to 5.9% in October from 4.5% in September, the Philippine economy beat consensus forecasts after increasing by 7.6% in Q3/2022.  Household consumption continued to support the economy after growing by 8.0% despite inflation eating into household incomes. The strong OFW remittance inflows and expanding IT-BPM sector are projected to maintain their respective growth trajectories amidst a slowing global economy. "

"Karachi is the most populated city of Pakistan with an estimated population of 22 million. It is the financial and economic hub of the country and many businesses are headquartered there. The city has a labor supply of almost 5 million people and a literacy rate of 83% on average."

"According to the United Nations Environment Programme in 2020, global building operations accounted for about 31% of total energy consumption. As a result, measures have been taken worldwide to reduce total emissions via the implementation of policies on eco-friendly construction and energy efficiency of existing buildings, and Korea has also made efforts to keep pace with the global trend."

"Total retail sales declined 4.5% YoY to RMB1,021.95 billion in the first nine months of 2022. General retail sales fell 3.9% YoY to RMB946.71 billion whilst F&B sales also fell 11.6% YoY to RMB75.24 billion."

"Since the onset of the pandemic, Australia’s major office markets have seen a flight to quality as employers look to attract and retain talent. The multi-speed nature of the office leasing market is highlighted by diverging trends in the demand for office space."

"Since the onset of the pandemic, the Tokyo office market has experienced successive rental corrections as office demand weakened. The new supply in preceding years contributed to a softening of the market. Although most of the supply in recent years is considered to be Grade A offices, the loosening in the market derived from this new supply also seems to have affected the wider market, including largescale Grade B offices."

"The Singapore office market is at the early stages of a global transformation where multinational tenants increasingly seek to be compliant with Economic Social and Governance standards set in their respective home countries. In the coming years, this pressure is going to weigh on the local real estate market, especially the office sector."