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Sep 22, 2023 · Why Asia's economy is on the cusp of a new era | McKinsey. Today’s cluster of disruptions, both economic and political, in many ways have Asia at the epicenter. We assert that these may be triggers for a new era in which Asia will play a leading role. Today’s challenging conditions are not unique.
Jan 31, 2022 · Asia’s GDP is expected to expand in nominal terms from $33tn in 2021 to $39tn in 2023, exceeding the $34tn for the Americas and $26tn for Europe. The $5.4tn increase for Asia compares with $4...
- Chetan Ahya
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.
- Strengthening Asian networks of trade and flows. The economic disruption of the pandemic has shown that resilience matters more than ever. Deepening intraregional connections should help the region.
- Boosting growth through innovation. In the decade before the pandemic, MGI found that Asia had posted the largest shares of regional growth in key technology metrics: 52 percent of global growth in technology company revenue, 43 percent of global growth in start-up funding, 51 percent of global growth in R&D spending, and 87 percent of global growth in patents filed.
- Drawing a new consumer map. Asian consumers are expected to account for half of global consumption growth in the next decade, equivalent to a $10 trillion opportunity.
- Leading the climate transition. Asia is well placed to adapt and lead global adaptation and mitigation efforts as climate risk climbs to the top of the policy and corporate agendas.
February 17, 2021. 4 min read. Editor's note: To sustain U.S. power and influence in Asia, the Biden administration should enhance economic engagement with the region — particularly in...
Sep 21, 2023 · T he phrase “factory Asia” describes one of history’s most impressive economic achievements. Over the past half-century Japan, South Korea, Taiwan and, more recently, China became bustling ...
