Current location:International Ideals news portal > politics
Asian economy expected to increase 4.5 percent in 2024: report
International Ideals news portal2024-04-30 10:41:01【politics】8People 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://congodemocraticrepublicofthe.adventistmissionjapan.org/news-47e199899.html
Very good!(93)
Related articles
- EU, Finnish leaders call for de
- China's Wang Lili Named FIBA 3x3 Women's Series MVP
- Chinese Farmer Helps Fellow Villagers Make a Fortune After Inheriting Traditional Folk Craft
- Local Grannies Volunteer to Provide Lunches to Frontline Workers in Quanzhou, Fujian
- Chinese ballet to illuminate Dutch stadium
- I'm a nutritionist
- Pic Story: Inheritor of Intangible Cultural Heritage of Hemp Weaving in Ningxia
- Advancing Rural Development Through Modern Agriculture
- UN human rights chief condemns killings of women and children in Rafah
- Former China coach pleads guilty to taking over $7 million in bribes
Popular articles
Recommended
US opens investigation into Ford crashes involving Blue Cruise partially automated driving system
Across China: Rural Women Weave in Prosperous Lives Through Embroidery
Dedicated Shopkeeper Goes Extra Mile
Wondrous Xinjiang: Chinese Folk Embroiderers Learn from, Inspire Each Other
Warning signs of a mini
Millennial Chinese Nurse Striving to Improve Self
Volunteer Undertakes Mission to Preserve Vanishing Heirloom Seed Varieties
Millennial Chinese Nurse Striving to Improve Self
Links
- Baby Ru: Police contact whānau after three months of silence
- Chilean vet helps dogs, cats and rabbits injured in wildfires
- Te Pāti Māori co
- Number of reported scams drops, but 'underreporting is still happening'
- Funding needed to take show aimed at disabled communities around Aotearoa
- Millions of donkeys killed each year to make medicine
- No OCR cut expected with inflation still over 5 percent
- Otago councillors vote to delay notification of controversial land, water plan
- Connings Food Market to take over Nelson site deemed not financially viable for affordable housing
- Treaty referendum among issues raised with government at Waitangi