Asia expected to lead global growth in 2025: think tank


  • World
  • Friday, 17 Jan 2025

LONDON, Jan. 16 (Xinhua) -- Asian economies are expected to lead global growth in 2025 despite challenges, according to a report released by the London-based think tank Asia House on Thursday.

The report details how digital acceleration, increasing consumer spending, and a focus on green initiatives are driving the region's progress.

It incorporates insights from nearly 100 business leaders to provide a comprehensive analysis of emerging trends.

"Asia continues to demonstrate its resilience in the face of global turbulence," Michael Lawrence OBE, chief executive of Asia House, said.

Mallika Ishwaran, chief economist of Shell, underscored Asia's pivotal role in the energy transition. She emphasized that Asia is well-positioned to become a leading supplier of goods and services driving the transformation.

The rising demand for these products will provide a significant competitive advantage for the region's economies, she added.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Russia's wealth fund chief says Trump is a problem solver ahead of Riyadh talks
Europe says it is committed to Ukraine ahead of Russia-US talks
Vietnam parliament to approve plan for leaner government
India reassures Nepali students after suicide sparked protest
New York Governor Hochul to meet for talks on embattled NYC mayor
Russia frees American prisoner ahead of talks with US, New York Times reports
Indonesian parliament set to vote on amendment to mining law
Cape Verde reports African swine fever outbreak
Plane overturns during landing at Toronto's Pearson airport
HIV/AIDS prevalence rate in Senegal stands at 0.3 pct

Others Also Read