India to lead mainstream growth as China transitions into high-income economy: EIU

According to The Economist Intelligence Unit (EIU), retail trends in Asia are set to shift amidst the backdrop of a potential global trade war remains the top concern for the global economy this year.

Asia is still the fastest growing region in the world, but it is also entering an era of geopolitical risk, said Alexander Van Kemenade, director of consulting at The Economist Intelligence Unit (EIU) for the region.

Speaking at the Retail Asia Conference in Hong Kong, he noted that “a full-blown global trade war” is the top risk to the global economy this year and outlined a few key developments and forecasts for the region: