Global Economic Crisis and Consumer Confidence in Asia/Pacific

December 2008

Abstract

The Asia/Pacific region is increasingly feeling the effects of the now-global economic crisis that originated in the US. As the once-popular thesis of "decoupling" has increasingly fallen away, it leaves behind a critical question: how severely will the Asia/Pacific region be affected by a simultaneous recession in both the US and Europe? MasterCard Worldwide sheds light on this issue with results from recent consumer confidence surveys in 14 markets across the Asia/Pacific region.

 

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