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- Asia is increasingly the center of the world economy. By 2040, the region could account for more than half of global GDP and about 40 percent of global consumption.
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Sep 18, 2019 · Asia is increasingly the center of the world economy. By 2040, the region could account for more than half of global GDP and about 40 percent of global consumption.
May 1, 2023 · Growth in Asia and the Pacific is forecast to accelerate to 4.6 percent this year from 3.8 percent last year. The main development has been the reopening of China, where surging consumption is boosting growth across the region despite weaker demand from the rest of the world.
Asia's ongoing economic integration is bucking the international trend of trade fragmentation. With China as its engine room, the region can demonstrate the benefits of multilateralism to the world and take us forward into a new Asian century.
Oct 13, 2023 · We expect growth in Asia and the Pacific to accelerate from 3.9 percent in 2022 to 4.6 percent this year, unchanged from the projection from last April. This is largely explained by the post-reopening recovery in China and stronger-than-expected growth in the first half of the year in Japan and India.
Oct 13, 2023 · The Asia-Pacific region remains a key driver of global growth in 2023, despite facing headwinds from changing global demand from goods to services and tighter monetary policies. The region is expected to grow by 4.6 percent in 2023, up from 3.9 percent in 2022.
