Current location:Global Gist news portal > world
Asian economy expected to increase 4.5 percent in 2024: report
Global Gist news portal2024-05-21 23:34:53【world】0People have gathered around
Introduction(ECNS) -- The Asian economy is expected to increase by 4.5 percent in 2024 amid a strong consumption
(ECNS) -- The Asian economy is expected to increase by 4.5 percent in 2024 amid a strong consumption and proactive fiscal policy, faster than 2023, according to the Asian Economic Outlook and Integration Progress flagship report issued at the Boao Forum for Asia Annual Conference 2024 in South China's Hainan Province on Tuesday.
Despite internal and external economic challenges, the Asian economy will maintain a high growth in 2024, the report forecasted.
In terms of unemployment, Asia's overall unemployment rate for 2024 will be lower than the global rate, according to the report.
The International Labor Organization forecasted the global employment growth rate will maintain at 0.8 percent and the global unemployment rate at 5.16 percent, with Asia's at 4.71 percent.
The price increase remains stable and the inflation pressure in most Asian economies is expected to ease further in 2024, but income growth still faces considerable challenges.
In terms of trade and investment, Asia's trade in goods declined, but trade in services grew rapidly last year. Asia is expected to reverse the downward trend in 2023 with the accelerated development of digital trade, the recovery of tourism in Asia, the continuous advancements of economic and trade arrangements such as the Regional Comprehensive Economic Partnership, the report said.
The positive effects of restructuring Asian value chains and industrial chains on regional economic integration are expected to gradually emerge and add new impetus to Asian trade and investment.
Address of this article:http://zimbabwe.e-directivos.com/news-70e899843.html
Very good!(7278)
Related articles
- Amal Clooney played key role in ICC bid to request arrest warrants for Israeli PM and Hamas leader
- Petco, Nextracker rise; Dlocal, AMC Entertainment fall, Wednesday, 5/15/2024
- Community colleges offer clean energy training as climate
- Slovakian Prime Minister Robert Fico shot and is fighting for his life
- Defending champion South Carolina to open season in Las Vegas against Michigan
- Oklahoma begins quest for unprecedented 4th straight softball title at regionals
- Petco, Nextracker rise; Dlocal, AMC Entertainment fall, Wednesday, 5/15/2024
- Curran's all
- LeBron James UNFOLLOWS Diddy on Instagram after video of assault on ex
- The Fortune Hotel viewers spot contestant who has already been on another reality TV show
Popular articles
Recommended
Arrest Lord Mountbatten's self
Future of Texas' migrant
Oklahoma begins quest for unprecedented 4th straight softball title at regionals
Sofia Vergara, 51, poses up a storm in striking red off
Judge orders man accused of opening fire outside Wrigley Field held without bail
I got stuck at one of the world's northernmost hotels
Pakistani court grants bail to Imran Khan in a graft case. But he won't be released just yet
What to know about a bus crash that killed 8 Mexican farmworkers in Florida
Links
- Auto industry insiders highlight interdependence between China, Europe
- France and Urías hit 2
- Ruins of ancient Taoist temple found in north China
- Reggie Bush plans to continue his fight against the NCAA after the return of his Heisman Trophy
- Reggie Bush plans to continue his fight against the NCAA after the return of his Heisman Trophy
- House approves bill to criminalize organ retention without permission
- Cowboys get Oklahoma offensive lineman Tyler Guyton after trading down in NFL draft
- Growing public debt burden, shrinking fiscal space leave Africa at crossroads: UNECA
- Jaguars select LSU WR Brian Thomas Jr. in the NFL draft, giving QB Trevor Lawrence a big target
- I'm a psychologist