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- Connecting the dots behind current and future Asian growthChina also continues to be an Asian growth story. In May, the IMF upgraded its forecast for China’s economic growth by 0.4 percentage points to 5% for 2024. Even if growth slows to 3%, China’s 2030 GDP will still be around $5 trillion more than in 2022. As the world’s second largest economy, China also continues to redefine global ...
- In 2020, Asian economies will become larger than the rest of the world ...In the previous phase of globalization, Chinese exports drove global trade as foreign investment came in to help modernize the economy. In globalization 4.0, Chinese imports will play an ever-larger role as Chinese multinationals invest across Asia and the world.
- The ASEAN region is the world's economic dark horse. Here's whyYet in recent years, ASEAN has emerged as a dynamic and rapidly evolving economic hub, displaying resilience in the face of unprecedented challenges, including the COVID-19 pandemic. According to the Asian Development Bank, South-East Asia's GDP growth for July 2023 was projected at a robust 4.6%, compared to the slower rates of 1.1% for the ...
- In 2020 Asia will have the world's largest GDP. Here's what that meansIn 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. The bulk of that growth will come from ...
- The Indo-Pacific Economic Framework and Digital Trade in ... - CSISIntroduction. In October 2021, the Biden administration announced the development of an Indo-Pacific Economic Framework (IPEF) with partner nations to “define our shared objectives around trade facilitation, standards for the digital economy and technology, supply chain resiliency, decarbonization and clean energy, infrastructure, worker standards, and other areas of shared interest.”
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