Behind ADB forecast for Asia, a warning

Dec 15, 2011

ADB economist Jayant Menon says the region should weather a Western economic storm, but its recovery will be slower and escaping the ‘middle income trap’ more difficult.

Here's the good news. By 2050, Asia could account for more than 50% of the world economy, with regional GDP around $174 trillion. This is not just in gross GDP terms but should also include a substantial rise in per capita incomes, reaching $40,800 on average. In other words, there will be no more poor countries in Asia, bar one or two isolated losers such as North Korea.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to AsianInvestor

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

If you are a senior professional at a large institutional asset owner, such as a sovereign wealth fund or pension fund, please contact [email protected] for further assistance.

Questions?

See here for more information on licences and prices, or contact [email protected]