The Asian economy is expected to grow by around 4.5 per cent in 2024, surpassing that of 2023, and continue to be the largest contributor to global economic growth, according to a report released Tuesday by the Boao Forum for Asia (BFA) which convenes its 2024 conference in Boao, a resort town in southern China’s Hainan Province.
According to the forum’s Asian Economic Outlook and Integration Progress Annual Report 2024, despite facing various external economic challenges, the Asian economy will still maintain a relatively high growth rate, supported by relatively strong consumption and proactive fiscal policies.
