Asia is strengthening its position in the global economy
Economy
The economy of Central Asia may grow to 5% by 2025. Such a forecast is presented in the report "Economic Prospects and Integration in Asia," prepared for the beginning of the Boao Asian Forum in China.
This week, the Boao Asian Forum (BAF) began in the Chinese province of Hainan, which is being held this year under the motto "Asia in a Changing World: Towards a Common Future." Within the framework of the event, more than 50 panel discussions dedicated to key economic trends, global trade, and technological innovations are planned.
According to the published report, Asia continues to increase its economic potential. GDP growth is projected at 4.3% in East Asia, 5.9% in South Asia, and 2.9% in West Asia. Central Asia is demonstrating confident growth - up to 5% by 2025.
The authors of the report note that Asia is strengthening its position through active investments in technologies and scientific developments. In recent years, the region has become a world leader in the number of patent applications, surpassing other continents.
In addition, the development of trade and regional cooperation contributes to economic growth. After a period of instability, the Asian market is gradually restoring export rates, and the service sector is showing rapid growth. In 2025, Asia is expected to provide 48.6% of global GDP in terms of purchasing power.
The Boao Asian Forum was established in 2001 to promote economic integration in the region. Today, it has become a key platform for discussing economic strategies and strengthening cooperation between the countries of Asia.
According to the published report, Asia continues to increase its economic potential. GDP growth is projected at 4.3% in East Asia, 5.9% in South Asia, and 2.9% in West Asia. Central Asia is demonstrating confident growth - up to 5% by 2025.
The authors of the report note that Asia is strengthening its position through active investments in technologies and scientific developments. In recent years, the region has become a world leader in the number of patent applications, surpassing other continents.
In addition, the development of trade and regional cooperation contributes to economic growth. After a period of instability, the Asian market is gradually restoring export rates, and the service sector is showing rapid growth. In 2025, Asia is expected to provide 48.6% of global GDP in terms of purchasing power.
The Boao Asian Forum was established in 2001 to promote economic integration in the region. Today, it has become a key platform for discussing economic strategies and strengthening cooperation between the countries of Asia.
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