Is China the new idol for emerging economies?
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Is China the new idol for emerging economies?
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Asia is rising. The Asian economy contributes about two-thirds of global growth. The total Asian GDP is 41.36 Trillion USD, and it ranked first among all regions in 2023 (IMF). With a GDP of over $18 trillion, China is the largest economy in Asia and the world. Other major Asian economies include Japan, India, South Korea, and Indonesia. Asia's economic growth has been fueled by factors such as strong consumer spending, investments, exports, and technological advancements. In this video, you wil
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159 reactions · 96 shares | Economic growth in developing Asia is set to decline sharply in 2020 as the #COVID19 pandemic continues to evolve. Economies are expected to rebound during 2021, although substantial risks and uncertainty remain. For the latest economic analysis and forecasts, read our Asian Development Outlook: https://www.adb.org/news/developing-asia-growth-fall-2020-covid-19-impact #ADO2020 | Asian Development Bank | Facebook
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