War of the minds of many consumers in Asia, possibly causing many to delay the buyer due to increased unknowns from an expected war in Iraq. Both foreign and domestic investments have also in most Asian stock markets slowed this month.
Our Asian Consumer prospects Index indicates this month a lowering of the consumers ' demand growth prospects across the Board, despite most countries is fairly geographically isolated from any conflict arenas.
The lack of any evidence of a revival of European and North American economies also pulled down the prospects of consumer demand growth in export-oriented economies in Asia.
[Excerpt]The dominant factors that impact the index this month been increasing probability of military conflict in Iraq, and secondary tension comes from North Korea. This has had an overall effect of damping the Outlook for consumer growth in almost all countries, but especially to those closer to the expected arenas conflict or those with larger shares of Muslim citizens. a secondary factor is the continuous bad economic news from Europe and THE UNITED STATES, which affects the Nations with a degree of dependence on exports to the West.[End of extraction]
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