Asia economy growth rate

Posted by John on February 15th, 2020

The Asia economy has surprised most characters due to its endless rise in economic excellence. As a result, this has made the continent an exciting piece for companies looking to invest abroad. Below we will have a look at some of the Asian countries that are dominating economic markets and how the continent itself will soon rise to glory.

Indonesia economy growth.

Like most Asian countries, Indonesian was once stricken with poverty since it was majorly dependent on agriculture. However, recent interventions from the local government have made the country more dynamic and exposed to foreign investors. For instance, the country has taken several strides to reduce the country's poverty levels; these include developing industries and educating Indonesians. As a result, this has created more jobs for Indonesians, thus slicing poverty rates in the country by more than a half. Indonesia economy growth now is the largest economy in Southeast Asia.

Indian economy growth.

Up for discussion is the country India, a country whose economy was mostly dominated by agriculture. However, over the years, the manufacturing and servicing sectors in the country have emerged quite strongly. Its service sector is the fastest growing in the world, contributing over 60% to India’s economy and accounting for 28% of employment.

Competition wise, India has a healthy yet modest market that has allowed new companies to thrive and spawn. For instance, companies such as Amazon and Renault have managed to flourish and surpass their competitors despite India having rival companies dominating the market. To spice things up, India has a low inflation rate, a windfall that has enabled the country to save more while stile supporting the rise of local businesses. In general, India’s success is due to its well-coordinated yet prudent macroeconomic policies that have ensured steady economic growth amid global volatility.

China economy growth.

China is an outstanding country due to its stable and risk-free economy that is supported by modernized infrastructure. For instance, China has a lucrative transport system that is more modernized; this, in turn, doubles profits for individuals who have invested in the transport industry. Furthermore, the country’s technological policy and interest have pleated in the last decade, thus making it a suitable destination for high-tech items. To spice things up, China has a rising global status that will likely see the country develop more into the future; this implies that investing in the country now would be cheap and more profitable in the next five years. However, its less predictable economy makes the country a risk that investors are not willing to take.

The Bottom Line.

As seen above, the future is bright for most Asian countries since the continent is full of resources and thriving on a young and energetic workforce. And there are more countries to keep an eye on, Vietnam economy, for example, is growing. The government just set the growth goal to 7% in 2020.
Keep track of the lastestdevelopmentsin Asia on www.asiafundmanagers.com.