Emerging Asia has been one of the most exciting regions in emerging markets during the last two decades and this trend is expected to continue, though the pace of growth has slowed down as the economies transform and mature. By 2040, emerging Asia will account for almost a third of global GDP and more than a quarter of consumer spending, highlighting huge opportunities for business and investors. Risks will remain, requiring business to be agile to identify sweet spots and overcome challenges.
This report comes in PPT.
Emerging Asia is the world’s most economically dynamic region, and is set to remain on a robust, though slower, growth trajectory in the decades ahead, based on strong economic fundamentals. GDP will more than double by 2040, thereby gradually reducing the gap to advanced economies.
China will remain the dominant driver of economic growth in absolute terms, with its economy set to become the world’s largest by around 2030. Smaller emerging Asian economies, including India, Indonesia, Vietnam, Thailand and the Philippines, also provide significant opportunities, with their economic transformation and expanding consumer bases.
Potentially mitigating factors on economic growth in the decades ahead are slow productivity growth, due to skills shortages, and insufficient infrastructure expansion. In addition, with emerging Asia comprising coastal and island countries, the region will face growing risks associated with climate change.
Steady economic growth will lead to substantial increases in the consumer class and the number of middle-income households. Although the lower income segment will remain significant, shifts in spending patterns and the rise of new consumer segments will create opportunities in a wide range of sectors.
High-growth opportunities will continue to emerge for companies and investors, driven by emerging Asia’s growth, rising innovation capacity and increasing regional linkages. Despite potential volatility, a regional presence allows profit-yielding access to fast-growing consumer markets and production networks.
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