Asia's GDP expected to grow 4.5% in 2025: Boao report
Bich Thuan, VOV Correspondent in China -
(VOVWORLD) - The weighted real GDP growth rate of Asia is projected to reach 4.5% this year, up from 4.4% in 2024, according to a report released by the Boao Forum for Asia on Tuesday.
 Mr. Zhang Jun, Secretary General of the Boao Forum for Asia, presented the "Asian Economic Outlook and Integration Progress 2025". (Photo: Chinanews) |
"Despite increasing global economic uncertainty, Asia has remained as a key growth engine for the world economy," said the report titled Asian Economic Outlook and Integration Progress presented during the BFA 2025 Annual Conference in Boao, Hainan, China.
At purchasing power parity, the ratio of Asia's GDP among the global total is expected to rise from 48.1% in 2024 to 48.6% in 2025, the report said.
The report highlights that several Asian economies, including China, India, Vietnam, the Philippines, Mongolia, Cambodia, and Indonesia, are set to maintain strong growth rates exceeding 5%. ASEAN and China remain pivotal in regional trade, reinforcing their central role in Asian goods trade.
Bich Thuan, VOV Correspondent in China