their chief economist, for apac, david mann, explained the trends driving this optimistic outlook. perspective of the mastercard economics nymex institute is 2025 is likely to be the year where we get the more sustainable level of growth and get an idea of what they really looks like after all these years of the wild swings into various economic variables like inflation or in interest rates, they are coming down and we are still seeing wage growth now in excess of inflation. inflation—adjusted income growth is quite robust and with lower interest rates as well there is a bit more room for discretionary consumer spending around many parts of the region — particularly we think we will be seeing in places like australia, singapore and even hong kong. that is interesting because we heard a lot about donald trump earlier in the programme but a lot of concerns around his proposed tariffs. what impact are they likely to have on growth in the region? a lot will depend on what does materialise and there are many folks who are getting more nervous about the impact that can have. the way we l