UBS Wealth Management Chief Investment Office (CIO) stated on the 3rd that they are bullish on the Asian economy. Other foreign financial institutions like Morgan Asset Management share the same view. According to the CIO analysis, many Asian economies show healthier domestic growth on a global scale, indicating a strong fundamental outlook in the region. Asian economies, especially China, can offset external impacts through fiscal stimulus. In addition, Asia is expected to benefit from the surge in local consumer demand driven by the thriving development of artificial intelligence (AI) technology. The latest research report from Morgan Asset Management points out that in recent months, Asian economic growth has shown signs of recovery. The improvement in the region's macroeconomy is consistent with the revival trend in local commodity exports, which is mainly due to the economic recovery and rising import demand from both this region and the major global trading partners. (China News Service)
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