Residential construction is stumbling but still standing.As higher interest rates drive up mortgage costs,house prices have decreased significantly in Germany (close to -10% in Q2 2023) and decelerated in most other European countries and in the US.
By 2030, India will be the second-largest economy in the Asia-Pacific region as strong macro-fundamentals and an improving business environment drive investment-led growth.
With buffers waning, most vulnerable corporates and sectors have been caught between a rock and hard place in 2023, with hospitality, transportation and wholesale/retail on the front line.
