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Sep 22, 2023 · Asia’s robust economic growth and its position as the world’s manufacturing and trade hub give it a critical global role. Asia accounted for 57 percent of global GDP growth between 2015 and 2021. In 2021, Asia contributed 42 percent of world GDP (at purchasing power parity), more than any other region. 4 GDP data from the World Bank.
Oct 17, 2019 · Economic growth drove development. Growth rates of GDP and GDP per capita in Asia have been stunning and far higher than elsewhere in the world. Rising investment and savings rates combined...
- Deepak Nayyar
Apr 29, 2024 · The outlook for Asia and the Pacific in 2024 has brightened: we now expect that the region’s economy will slow less than we previously projected as inflation pressures continue to dissipate. We have raised our regional growth forecast for this year to 4.5 percent, up 0.3 percentage point from six months earlier, after a 5 percent expansion in ...
May 1, 2023 · May 1, 2023. Asia and the Pacific is a relative bright spot amid the more somber context of the global economy's rocky recovery . As the Chart of the Week shows, the region will contribute about 70 percent of global growth this year—a much greater share than in recent years.
While exports to the rest of the world remain a key driver, Asian economies increasingly rely on domestic and regional sources of growth due to increased supply-chain, trade, and financial market integration. Change has also been taking place in Asia’s financial markets.
Dec 20, 2019. By 2030, Asia is expected to contribute roughly 60% of global growthImage: REUTERS/Issei Kato. Praneeth Yendamuri. Partner,Bain & Company SE Asia Inc. Zara Ingilizian. Head, Consumer Industries; Member of the Executive Committee,World Economic Forum. Share: Our Impact.
