APAC | Large variations across cities in medium term employment growth

In 2022 Asia Pacific cities will continue their economic recoveries, despite several challenges including the global impact of the Russian invasion of Ukraine. But several major Asia Pacific cities including Taipei, Seoul, and Hong Kong will face medium term constraints on employment growth due to ageing populations. Other cities such as Shenzhen, Delhi, and Sydney will enjoy stronger employment growth, led by service sector jobs.

What you will learn:

• Ageing populations will constrain medium term jobs growth in some cities. This trend will be particularly strong in Tokyo, Seoul, and Taipei.
• But some major Asia Pacific cities, such as Ho Chi Minh City and Bengaluru are expected to maintain robust employment growth. 
• The region as a whole will see declining industrial jobs in its major cities from 2025 onwards.