As I try to keep pace with the grim economic news from around the world – hardly a day seems to pass without more bad news; the Libor rigging scandal being the latest – Asian economies are starting to feel the global headwinds.
However, even though headline economic growth in China fell to 7.6% y-o-y in Q212, the slowest pace of expansion since Q109, and Indian growth has also decelerated sharply to 5.3% y-o-y in Q112 – the slowest recorded rate in nine years, compared to our friends in the Americas and Europe, the long-term growth story for Asia seems to remain intact for now. This is illustrated by projections such as by 2030, the Asian economy will probably be larger than that of the US’ and European Union’s combined and the continent’s share of the globe’s GDP is set to swell to 40%, a rise of 10% from now.
In light of this, it’s not surprising that a recent PriceWaterhouse Cooper survey of CEOs said that many companies are fundamentally changing their strategy to focus on China and India.
At no other time have businesses required expert financial communications support than now.
This is where the MSLGROUP Financial Communications practice comes in. With a network that spans Beijing to Bangalore and Seoul to Sydney, and almost 1,700 advisors across 38 offices, nobody is better placed to seize this opportunity.
We have already notched up significant successes helping clients such as Coca-Cola, UBS and World Gold Council manage their standing across markets, augment their commercial success and guide them through complex crises. Our capabilities range from corporate communications, transaction communications and investor relations to crisis communications. We are also a trusted M&A partner, having been cited regularly in Mergermarket studies of global M&A performances.
With all this in mind, we have renewed our focus on financial communications, launching a brochure that details our capabilities and passion.
I am confident that our financial communications practice will play a stellar role in the Asia story.