The weighted real GDP growth rate of Asia is projected to reach 4.5 per cent in 2025 – an increase from 4.4 per cent in 2024, Xinhua reported.
"Despite increasing global economic uncertainty, Asia has remained as a key growth engine for the world economy," said a report released on Tuesday by the Boao Forum for Asia, titled ‘Asian Economic Outlook and Integration Progress.’
At purchasing power parity, the ratio of Asia's GDP among the global total is expected to rise from 48.1 per cent in 2024 to 48.6 per cent in 2025, the report said.
The overall situation of employment and income is turning upwards in Asia, with its unemployment rate projected at 4.39 per cent in 2025 – lower than the global rate of 4.96 per cent, according to the report.