Emerging Asia offers you long-term growth

Article Excerpt

Emerging economies in Asia, including China, India, and Malaysia, have been on a very strong growth trajectory for several decades. China and India now count among the largest economies in the world and millions of residents of these countries have been lifted out of poverty. The stringent measures to curtail the COVID-19 pandemic will impact growth, but the economies of these countries should eventually rebound strongly. As mentioned, many of the developing countries in Asia have expanded significantly over the past two decades and more. In fact, between 2002 and 2011, developing countries in Asia increased their collective GDP by 8.6% per year, compared to 4.0% for the global economy. This was followed by an annual growth rate of 6.6% between 2012 and 2019; again, that was well ahead of the rest of the world. This outsized growth has propelled several Asian economies into the top tier globally in terms of growth rates. Based on the latest rankings, China, Japan, and India are…