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New Delhi: The 10 largest economies in Asia, including India, are expected to grow robustly and exceed $ 28 trillion in real GDP (gross domestic product), or more than the United States by 2030, According to DBS, the economies of Asia-10 are China, Hong Kong, India, Indonesia, Malaysia, the Philippines , Singapore, South Korea, Taiwan and Thailand.
By 2030, the economies of Asia-10 will grow so robust that they will rise globally to more than $ 28.35 trillion in real GDP terms (constant 2010 dollars), while the United States will reach $ 22.33 trillion.
"We expect that Asia-10 will outstrip the United States by 2030," said DBS. But this is neither a sufficient condition nor a necessary condition for investing in Asia, because the investment can not be based on a single indicator, especially when it is a horizon. in the long run, he said.
Asia has a bright economic future, however, all Asian economies are facing common problems – climate change, rising inequality, deteriorating environment for trade, and technological disruptions that may to plummet growth figures
The Asian economies of recent decades are weakening, and there are many changes in the international environment, "said DBS in a research note
The report indicates that the demographic dividend that many Asian countries have benefited from in the past may not be as valuable now
A young population creates a "challenge" in terms of creating jobs, in the absence of which there will be high levels of unemployment, creating both c) and the social / political challenge, notes the report.
"Countries like India and the s Philippines will have to work hard to create jobs for their young population; while aging countries such as Singapore, Japan and China may be able to offset the demographic slowdown through the active use of new technologies, "the report adds.
On the other hand, the growing protectionism of world economies threatens investments in Asia "There is a real potential for trade protectionism that could reduce trade and investment in the region," said DBS, adding that Asia is one of the most exposed regions to the world and that trade disputes Previously, the Asian Development Bank (ADB) said Thursday that the growth of developing economies of Asia and Pacific for 2018 and 2019 would remain solid as it continues throughout the region, despite growing tensions between the United States and its trading partners
But the rise of trade measures US counterparts and countermeasures from China and other countries "present a clear disadvantage The Asia Development Outlook Supplement took into account tariffs imposed on 15 July.
"The risk of a further increase in protectionist measures could undermine consumer confidence and thus expand Asia's growth prospects," said ADB
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