Current location:Stellar Sights news portal > opinions
Asian economy expected to increase 4.5 percent in 2024: report
Stellar Sights news portal2024-05-22 06:07:55【opinions】9People 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://qatar.ultrasupramonte.com/article-69d099855.html
Very good!(79161)
Related articles
- Kentucky congressman expects no voter fallout for his role in attempt to oust House speaker
- Colon cancer blood test offers new screening option
- Moon landing attempt: Another US lunar lander blasts off
- A California dog missing since the summer is found in Michigan
- At least 40 villagers shot dead in latest violence in Nigeria's conflict
- Cicadas are nature's weirdos, and about to infest 2 parts of the U.S.
- A new Washington state law does not offer cash for reporting hate speech
- Allergy season arrived early in US. Here's why, what you can do
- Russian general who criticized equipment shortages in Ukraine is arrested on bribery charges
- Confusion about brand name leads to false claims about Aldi’s bacon
Popular articles
Recommended
Microsoft's AI chatbot will remember everything you do on a PC
Intuitive Machines: Odysseus Moon lander 'tipped over on touchdown'
Captain of container ship that caused Baltimore bridge collapse is Indian, not Ukrainian
A new declaration in Mexico gives 19 cats roaming the presidential palace food and care fur
Politically motivated crimes in Germany reached their highest level in 2023 since tracking began
Lawsuit seeks to force ban on menthol cigarettes after delays by Biden
Children race to collect marshmallows dropped from a helicopter at a Detroit
A new declaration in Mexico gives 19 cats roaming the presidential palace food and care fur
Links
- California girl, 14, is charged with the murder of human trafficking non
- Cowboys cut Martavis Bryant and end the receiver's latest comeback attempt
- EU reaches a tentative deal on Ukraine aid coming from profits of frozen Russian assets
- EU reaches a tentative deal on Ukraine aid coming from profits of frozen Russian assets
- Florida deputies who fatally shot US airman burst into wrong apartment, attorney says
- Why the US paused the delivery of bombs to Israel ahead of possible Rafah attack
- New lawsuit renews challenge to Tennessee laws targeting crossover voting in primary elections
- Steve Albini, legendary producer and alternative rock pioneer, dies at 61
- Police break up protest by pro
- Shopify's shares tumble on weak outlook after a very strong start to 2024