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Global Economic Outlook 2017 Emerging Asia: Navigating through Economic Turbulence
November 2016 | Publication
Asia remains the fastest-growing region on the planet, but even this dynamic economy is slowing down. We project a relatively healthy 4.7 percent growth rate for Asia in 2017. This is almost double 2016’s dismal 3.6 percent, but still remains far more sluggish than the 7.2 percent growth rate of the past decade. What is slowing Asian growth? Lower external demand for Asian goods, for starters, and the inability to achieve sustainable growth after the explosive growth of the 1990s. Businesses operating in Asia can still find opportunities—if they take advantage of integration initiatives, and they prepare for uncertainty.