Even amid regional headwinds, the Asia-Pacific region will continue to lead global growth in 2024. Asia’s economic outlook explained.
The Asia Pacific region remains inherently dynamic and will contribute over 60 percent of global growth in 2024, according to the International Monetary Fund's (IMF) newly released Asia Pacific Department Regional Economic Outlook. Johannes Wiegand, IMF chief of regional surveillance of the...
interest rates in the first half of 2024. Central banks want to limit capital outflows and depreciation, particularly in the region's emerging markets (see "Emerging Markets In Southeast Asia: The Forces Shaping The Outlook For 2024," Oct. 16, 2023). We...
Indeed, the World Bank is now warning that Asia faces one of the worst economic outlooks in half a century. The Bank forecasts that China will grow by just 4.4% in 2024, which would be one of the lowest rates of expansion since the 1960s. It points to tumbling retail sales, stagnant ...
According to the "Asia Economic Outlook and Integration Process Annual Report 2024" released at the conference, the Asian economy is expected to grow by around 4.5 percent this year, a relatively high growth rate, and continue to be the largest contributor to the global economic growth. ...
Asia’s economic outlook for 2023 The heavy weight of geopolitical issues and the potential of intraregional growth are among the topics discussed with The Banker by this roundtable of economists.
Southeast Asia foresees strong economic growth in 2024, with most major economies expected to accelerate despite challenges like inflation and geopolitical tensions. Easing inflation and increased investments are poised to further support growth.
During a speech at the opening ceremony of the Boao Forum for Asia Annual Conference 2024, Kazakh President Kassym-Jomart Tokayev said the meeting takes place against a backdrop of unprecedented global uncertainty, fueled by geopolitical turbulence and economic upheavals, and "the outlook is not...
Asia-Pacific Utilities Outlook 2024: Earnings Recovery Should Temper Higher Transition Spending Key Takeaways Volumes for Asia-Pacific utilities will expand 4%-5% in 2024-2025, amid resilient economic growth in the region. Softening fuel costs can help...
Singapore, 01 Aug 2024 - Southeast Asia is likely to outpace China in gross domestic product (GDP) and foreign direct investment (FDI) growth over the next decade, according to the‘Navigating High Winds: Southeast Asia Outlook 2024 – 2034’report released today by the Angsana Council,...