Current location:Earthly Encounters news portal > entertainment
Asian economy expected to increase 4.5 percent in 2024: report
Earthly Encounters news portal2024-05-22 10:10:33【entertainment】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.cassettedesign.com/content-69d099855.html
Very good!(779)
Related articles
- Caitlin Clark returns for 2nd half against Sun after apparent left leg injury in 1st half
- CPC leadership reviews guidelines on policies supporting construction of Xiong'an
- Policeman killed in explosion in NW Pakistan
- Varsho hits 2nd career slam, Rodríguez fans 6 in debut as Blue Jays beat Rockies 5
- Elvis' granddaughter Riley Keough fights Graceland estate auction
- China's whole
- Chinese premier addresses opening of Summer Davos
- Mexican president accuses U.S., Canada of ambiguous stance on Ecuador
- Police break up pro
- China's whole
Popular articles
Recommended
Devers sets Red Sox record by homering in his 6th consecutive game
Twins use a seven
China's top political advisor stresses efforts in rural revitalization
12th Chinese medical team wins hearts of Ghanaians
EU seals a deal on using profits from frozen Russian assets to help arm Ukraine
Infographic: Xizang witnesses astounding development 72 years after peaceful liberation
A glimpse into Suzhou Industrial Park
Chinese premier calls for better communication, exchanges among international community
Links
- Beaming Charles hobnobs with Tess Daly, Sir Lenny Henry and supermodel Rosie Huntington
- RSL's unbeaten streak stretches to 9 with 2
- 'Can you imagine having to see that?' Why Ant McPartlin's 'traumatised' ex
- Farewell to British hero James Kirby: Military veteran
- Macquarie Bank to go 'fully digital' and ditch cash within days
- Former Mar
- Cannes Film Festival: Anya
- North Carolina revenue decline means alternate sources for voucher spending considered
- Wealthy art collector's son, 25, accused of trying to murder live
- Fijian Drua face crucial home match against Queensland Reds in Super Rugby Pacific