There have been notable shifts in Asian economies’ ability to foster green finance and digitalisation in Q2, according to the latest Asia House Economic Readiness Indices.
The quarterly update to the indices – which were originally launched in January 2022 – shows varied developments in the region’s economic readiness scores. The economic impacts of the Ukraine crisis coupled with faster than expected global monetary tightening will continue to heighten Asia’s economic headwinds. But inward investment has been a significant bright spot in Q2 and encouragingly, despite these headwinds, Asia’s digital development continues to accelerate, with Indonesia being the biggest mover in the digitalisation index, jumping from 43 to 53.
Vietnam was the biggest mover in Asia House’s Economic Readiness Index scores for Green Finance, leaping from 51 to 67. This was, in part, due to credit market developments and comparative resilience in its domestic financial markets.
The indices are produced by Asia House Research to track Asian economies’ progress in developing green finance and digitalisation – key areas that will define the region’s sustainable growth.
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