PHILIPPINE TRADE & INVESTMENT CENTER TAIPEI
  • Home
  • Doing Business
  • News
  • Events & Announcements
  • Feature
  • Gallery
  • Contact
  • Press Releases

Who dominates Asian economies?

9/9/2018

 
Picture
NEW DELHI — From Xi’s China to Duterte’s Philippines, Asian economies have risen as the world’s best countries in terms of GDP.
​
China, world’s second-largest economy stands tall with US$ 25.3 trillion and is up by 9% from 2017 followed by India at 10.38 trillion which is up by 9.8% showing growth over the preceding year.
The 2018 World Economic Outlook by International Monetary Fund (IMF) report projects that growth in emerging market and developing economies will raise before leveling off and policymakers should seize this opportunity. IMF has been stressing for long that the good times won’t last long but sound policies can stay.

Philippines with GDP at $955.2 billion has been bypassed by one Asian country after another, yet it has maintained its economic growth over the years and is ranked as top 10 Asian nations. 

Economists consider that Malaysia shows flexibility and is performing strongly. On the other hand, Indonesia is one of the emerging market economies of the world and Thailand is a newly industrialized country and shows great development. It shows an increase by 6% from 2017.
​
This needs to be understood in terms of population size and demographical changes.  A young population pushes an economy to create jobs. With majority of young population in India and the Philippines, they need to create jobs and engage its young population for which they need to work hard to be able to stay in Asia 10 whereas aging economies like Japan and China can use technology to the best of their capability in order to stick to these numbers.  


By: DataLEADS/Asia News Network 
Source: Philippine Daily Inquirer

Comments are closed.

    Picture
    ABOUT PTIC TAIPEI
    The Philippine Trade & Investment Center in Taipei is the Commercial Affairs Section of the Manila Economic and Cultural Office and the representative office of the Philippine Department of Trade & Industry in Taiwan​

    Archives

    November 2020
    October 2020
    September 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    September 2017

Proudly powered by Weebly
  • Home
  • Doing Business
  • News
  • Events & Announcements
  • Feature
  • Gallery
  • Contact
  • Press Releases