Asia Predicted to Dominate Global GDP

PDB

Yosepha Pusparisa 11/02/2020 19:02 WIB

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Asian Countries' PDB (Gross Domestic Product)

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The Gross Domestic Product (GDP) of Asian countries has continued to grow over the past five years. In fact, the International Monetary Fund (IMF), as cited by the World Economic Forum (WEF), predicts this growth will continue until 2024.

In 2014, the IMF recorded the growth of Asian countries at US$15.8 trillion. This figure is equivalent to Rp 216.5 quadrillion (using an exchange rate of Rp 13,700/US$). The IMF predicts that this year, the GDP of Asian countries will increase by 38.5% from 2014. Therefore, in 2020, it could reach US$22 trillion, equivalent to Rp 301.4 quadrillion.

Asia's GDP in 2020 is predicted to dominate the world's GDP. The WEF also estimates that the region will contribute 60% to global growth. The Asia-Pacific region also contributed to the influx of 2.4 million new middle-class individuals entering the global economy.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."