As the year draws to a close, how are shifts in consumer sentiment and spending patterns shaping expectations for 2026?
Join David Mann, Mastercard’s Chief Economist for Asia Pacific, and Katrina Ell and Wei Li, Economists for Australia and New Zealand for a regional outlook on the trends shaping holiday retail activity and the year ahead. Drawing on Mastercard’s near real-time spend data and economic forecasts, this session will unpack.
- China Mainland: Growth moderates to 4.5% in 2026, with “new consumption” categories (beauty, wellness, and lifestyle) driving selective, experience-led demand.
- Japan: Domestic demand strengthens as wage growth outpaces inflation, marking a shift toward a more balanced, wage-driven economy.
- Australia and New Zealand: Lower rates and easing inflation lift household confidence, though spending remains value-conscious and experience-focused.
- Regional spending trends: From festive retail and travel to experience-led consumption, consumers are reshaping demand this holiday season.
Discover the key risks and opportunities to watch as policy easing, sentiment and inflation trends unfold into 2026.
Speakers:

David Mann Chief Economist, APAC, Mastercard Economics Institute

Katrina Ell Vice President, ANZ, Mastercard Economics Institute

Wei Li Vice President, ANZ, Mastercard Economics Institute


