Mastercard's David Mann on APAC Consumer Trends

The video discusses the nuanced global economic outlook for 2023, highlighting regional differences. While Europe and the US face challenges, Asia, particularly China, may experience growth due to reopening. The discussion includes potential impacts on inflation and energy prices. Consumer behavior post-pandemic shows a preference for experiences and travel, despite cost of living challenges.

Which region is expected to experience growth due to the lifting of COVID restrictions in 2023?

• South America

• Africa

• North East Asia

• Europe

What metaphor is used to describe the global economic recovery?

• A chess game

• A marathon

• A bungee jump

• A roller coaster

What is the expected impact of China's reopening on energy prices?

• Increase in energy prices

• Energy prices will stabilize

• No change in energy prices

• Decrease in energy prices

How is China's reopening expected to occur?

• Sudden overnight reopening

• No reopening planned

• Gradual lifting of restrictions

• Complete lockdown

What consumer behavior trend is observed post-pandemic?

• Decrease in travel

• Focus on experiences and luxury goods

• Preference for online shopping

• Increased spending on essentials

What drives the post-pandemic consumer behavior towards experiences?

• Desire to save money

• Fear of future restrictions

• Lack of interest in travel

• Decrease in disposable income

How are consumers managing their spending despite higher living costs?

• Reducing discretionary spending

• Increasing savings

• Spending less on essentials

• Avoiding luxury goods