Current location:opinions >>
Asian economy expected to increase 4.5 percent in 2024: report
opinions12People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Space news portal”。http://iceland.downmusic.org/news-69d099855.html
Related articles
Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
opinionsAmir Khan's £11.5million luxury wedding venue has finally hosted its first marriage after a series o ...
【opinions】
Read moreFishermen harvest sea cucumbers in NE China
opinionsFeng Yan collects sea cucumber in the sea off the Luming Island in Dalian, northeast China's Liaonin ...
【opinions】
Read moreAcrobatic rendition of The Swan Lake staged in Fuzhou
opinionsPhoto taken on Jan. 13, 2021 shows a scene from an acrobatic rendition of "The Swan Lake" staged at ...
【opinions】
Read more
Popular articles
- Liverpool confirms Arne Slot as Jurgen Klopp's replacement
- Xi in My Eyes
- African lion cubs survive extreme environment of Qinghai
- Xi Sends Congratulatory Letter on 50th Anniversary of Cooperation Between China, WIPO
- Georgia Republicans choose Amy Kremer, organizer of pro
- SW China's Yunnan makes great efforts to protect wildlife species
Latest articles
College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at
Rainbow seen at Hukou Waterfall scenic spot in China's Shaanxi
Xi Focus: Xi Stresses Deepening Reform, Expanding Opening up, Advancing Chinese Modernization
Migratory birds seen at Lake Balikun in China's Xinjiang
Nadal returns to Roland Garros to practice amid doubts over fitness and form
International contemporary art fair held in Ankara
LINKS
- Xi Sends Congratulatory Message to Lanting Forum on Chinese Modernization and the World
- Tourism in Tibet expected to witness notable boom
- City view of China's Chongqing Municipality
- Migratory birds seen at Lake Balikun in China's Xinjiang
- World Wetlands Day: A glimpse of China's earth’s kidneys
- Xi in My Eyes
- Fishermen harvest sea cucumbers in NE China
- New festival leisure modes boost domestic tourism
- Xi Sends Congratulatory Letter to General Assembly of Alliance for Cultural Heritage in Asia
- Traditional villages with local characteristics built to develop rural tourism in Hebei