Your current location:HOME >business >Asian economy expected to increase 4.5 percent in 2024: report 正文
TIME:2024-05-22 02:46:12 Source: Internet compilationEdit:business
(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.
Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry2024-05-22 02:24
Week in Politics: Tax cuts and a spoonful of sugar2024-05-22 02:18
Gladiator II: Paul Mescal battles Pedro Pascal in first footage from Ridley Scott's highly2024-05-22 01:53
Lionel Richie reveals being selected as performer at King Charles Coronation Concert was 'surprise'2024-05-22 01:38
France is trying Syrian ex2024-05-22 01:35
On a wing and a prayer! Watch the nail2024-05-22 01:29
As Victoria Beckham turns 50, the money2024-05-22 01:25
Through the palace keyhole... by those who were there2024-05-22 00:47
Ravens sign WR Qadir Ismail, the son of former NFL receiver Qadry Ismail2024-05-22 00:20
China eyes US2024-05-22 00:19
Seven sneaky clauses in estate agent contracts that can cost you dear2024-05-22 02:33
9/11 first responder 'who shot a man dead in a South Carolina Chick2024-05-22 02:28
Michael Sheen comically reveals how he broke his toe at a gym in LA2024-05-22 02:27
Teresa Urquijo, 28, granddaughter of Princess Teresa of Bourbon2024-05-22 01:48
Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient2024-05-22 01:35
John Goodman, 71, shows off his slimmed2024-05-22 01:30
America's best fast food restaurants ranked2024-05-22 01:12
Colin Firth's Pride and Prejudice wet shirt up for auction2024-05-22 01:07
Australia, New Zealand send planes to evacuate nationals from New Caledonia2024-05-22 00:28
Penny Lancaster, 53, showcases her endless legs in a thigh2024-05-22 00:19