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...
The latter figure aligns with our estimate of potential growth, suggesting economic slack will persist next year. Asia-Pacific economies outside of China remain resilient. Growth this year and in 2024 should be the strongest in emerging market economies with so...
above world average.Asia is set to use half of the world's electricity by 2025, with China accounting for one-third of the global total. We forecast China's real GDP will expand by 4.4% in 2024, while a few other countries, including Indi...
The Asia-Pacific region will contribute to major global economic growth, International Monetary Fund's (IMF) latest report on Asia-Pacific Economic Outlook showed on Thursday, meanwhile, Asia's dynamism will be driven primarily by the recovery in China and resilient growth in India. ...
In its "Regional Economic Outlook: Asia and Pacific" report released on Tuesday, the IMF stated that the Asia-Pacific region is projected to contribute 67.4 percent of the global economic growth in 2023. Out of this 67.4 percent, China is anticipated to contribute a share of 34.9 percent, fo...
Asia and Pacific Regional Economic OutlookMarcus Noland
Asia-Pacific boards dash to harness Generative AI. Disruptive new technology is top of mind for Asia-Pacific directors, 40% of whom are prioritizing digital transformation readiness and business model changes in 2024. Generative AI (GenAI) was the 2023 game changer. Inour CEO Outlook Survey,71%...
Enviable growth expected in 2024 Despite these gloomy predictions, Southeast Asia will remain one of the most dynamic regions of the world. In its November 2023 World Economic Outlook, the IMF, for example, forecast that while the advanced economies would grow by just 1.5% in 2024, the major...
Asia Pacific is the world’s fastest growing region and one of the most important players in the global effort to combat climate change with most of its economies having pledged to net zero or carbon neutrality by 2050.