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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
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.
Dec 20, 2019 · In 2020 Asia’s GDP will overtake the GDP of the rest of the world combined. By 2030, the region is expected to contribute roughly 60% of global growth . Asia-Pacific will also be responsible for the overwhelming majority (90%) of the 2.4 billion new members of the middle class entering the global economy.
Trade and Investment. Follow. The re-emergence of Asia is among the most important shifts that will occur in our lifetimes. Next year, in purchasing power parity (PPP) terms, Asian economies will become larger than the rest of the world combinedfor the first time since the 19th century.
Sep 28, 2015 · Asia’s rapid integration into the world economy has been one of the most striking global developments of the last generation. In that relatively short time, many countries across this vast and diverse region have achieved economic “miracles,” and several have become powerhouses of the global economy.
