Developing Asia is facing considerable headwinds. Delayed
recovery in major industrial economies and moderating prospects for
the large economies of the People's Republic of China and India
weigh on region's project growth forecasts. With the european
economy meltdown, asian economy continues to grow.
Emerging : Asia leads global growth
A key factor behind Asia's rising influence is the size of
its economy. In 1990, the top five economies were not among Asia.
However, now the top three economies are Japan, China and
Asia's share in world GDP in real US$ purchasing power
parity (PPP) was 23.2 percent. By 2014, this went up to 38.8
percent, much larger than the shares of the United States and the
In fact, Asia's share is likely to go up in the coming years
if current growth trends in key regional economies
continue(forecasts by Oxford Economics put Asia's share at
nearly 45 percent by 2025).
Growth Prospects in Asia
In 2017, 80% of regional economies are expected to post higher
growth on the back of a recovery in external demand and further
pickup in domestic demand.
Policies to stimulate potential growth
Partly offset the labor squeeze due
to policy changes
Higher labor productivity
Capital investment is crucial to
catch up with the advanced economies.
Reform can move current potential
toward the frontier.
Sound macroeconomic management is the
foundation for growth.
Employment of the full range of
Slow going in a Tough Global Environment
In 2017, growth in the region will remain steady, as continued
growth moderation in the PRC will be counterbalanced by solid
growth in India.
Average inflation in the region will rise from 2.2% in 2015 to
2.5% in 2016 on strengthening domestic demand and further to 2.7%
in 2017, following an expected recovery in global commodity
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