INSUBCONTINENT EXCLUSIVE:
expected to decrease from 4.8% in 2024 to 4.3% in 2025, falling short of the 5% target set by its authorities for 2024.Several factors
contribute to this slowdown
The country is still dealing with the aftermath of strict COVID-19 policies, a prolonged property sector crisis, and weak consumer
spending.In response, Beijing introduced stimulus measures in late 2024, focusing on monetary policy, including interest rate cuts and
reduced bank reserve requirements.Despite these efforts, the World Bank emphasizes the need for deeper reforms to ensure long-term growth
These reforms could involve rebalancing the economy towards consumption-driven growth and addressing income inequality.World Bank Warns of
Growth OutlookThe East Asia and Pacific region may see growth slow to 4.4% in 2025, down from 4.8% in 2024
countries like Vietnam to link major trading partners
technologies on Asian labor markets
Artificial intelligence poses less of a threat to jobs in the region due to the prevalence of manual labor.However, this also means that
Asian economies may not fully benefit from AI-driven productivity gains
projections serve as a wake-up call for the global economic community as China navigates these challenges and reshapes the global economic
