Current location:style >>
Asian economy expected to increase 4.5 percent in 2024: report
style217People 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 Station news portal”。http://tonga.downmusic.org/article-69d099855.html
Related articles
Georgia Republicans choose Amy Kremer, organizer of pro
styleCOLUMBUS, Ga. (AP) — Georgia Republicans on Saturday elected to the Republican National Committee a ...
【style】
Read moreRussia says int'l cooperation necessary in fighting terrorism
styleInternational cooperation is necessary in the fight against terrorism, but the dialogue is currently ...
【style】
Read moreTrump hush money trial: Why Americans can't see or hear what's going inside court
styleNEW YORK (AP) — It’s a moment in history — the first U.S. president facing criminal charges in an Am ...
【style】
Read more
Popular articles
- Fresh heartache for cancer
- Warning of US CHIPS Act's negative impact on TSMC 'not alarmist': Spokesperson
- Death toll in airstrikes on E. Syria rises to 15
- China unveils regulations on implementation of consumer rights protection law
- Revealed: Brit tourist, 19, subjected to sex attack in Majorca 'was gang
- NetEase Inc renews game partnership with Blizzard
Latest articles
California congressman urges closer consultation with tribes on offshore wind
Overseas hanfu clubs serve as cultural ambassadors
Scheana Shay rubs Lala Kent's swimsuit
Mainland ready to aid disaster relief after Taiwan earthquake: spokesperson
Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
It's been quite a year for this royal relative, who became a dad, wrote a book inspired by a much
LINKS
- Politics updates: Kāinga Ora crackdown, changes to plug
- Upgrades badly needed for PM's residence
- Snake entangled in fridge ice dispenser spotted by resident who thought hissing was air compressor
- Houthis say they fired at two ships in Red Sea, damaging both
- US decries Nauru's 'unfortunate' ditching of Taiwan, warns on China's promises
- NZ aid worker Andrew Bagshaw's parents want death in Ukraine recognised as war crime
- Movement of pilot's seat a focus of probe into LATAM Boeing flight, report says
- Princess of Wales in hospital, King Charles to get prostate treatment
- EDITORIAL: Food labeling review inevitable following Benikoji scare
- Pair charged with hijacking car in Auckland