Asia May Be Entering an AI-Fueled Industrial Super Cycle
Morgan Stanley economists see AI, the energy transition and defense spending fueling a capital expenditure-led expansion for Asia.
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I’m Malcolm Scott, international economics editor visiting Hong Kong this week. Today we’re looking at a bullish call on Asia’s industrial cycle. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.
Asia is entering an industrial super-cycle.
That’s the bullish call from Chetan Ahya, chief Asia economist at Morgan Stanley in Hong Kong. He and his team see a sustained rise in capital expenditure driven by the artificial intelligence boom and AI-related infrastructure, the energy transition and increased defense spending.