Bankers and consultants have long touted the opportunities of emerging Asia’s rapidly expanding middle classes to their clients. As incomes have risen, foreign direct investment has duly flooded in, fuelling further growth. But in recent years, the momentum behind the Asian consumer has been slowing. The dual economic shocks of the Covid-19 pandemic and Russia’s invasion of Ukraine, which pushed up food and energy prices, hit households’ disposable incomes. Distressed borrowing and a dearth of well-paying jobs hindered the recovery. The White House’s aggressive protectionist agenda will be yet another setback for the region’s export-orientated industrial economies.
长期以来，银行家和咨询师一直向他们的客户吹嘘亚洲新兴国家快速壮大的中产阶层所带来的机会。随着收入上升，外国直接投资自然大量涌入，推动了进一步的增长。但最近几年，支撑着亚洲消费者的那些因素已在放缓。新冠疫情与俄罗斯入侵乌克兰（推高了食品和能源价格）的双重manbetx20客户端下载 冲击重创了家庭的可支配收入。不良债务以及高薪职位的稀缺则阻碍了复苏。白宫的激进保护主义议程将对亚洲出口导向型的工业manbetx20客户端下载 体造成又一次打击。