{
    "success": true,
    "data": {
        "id": 1634851,
        "msgid": "report-asias-economy-projected-to-grow-4-5-percent-in-2026-1774450286",
        "date": "2026-03-25 20:38:33",
        "title": "Report: Asia's economy projected to grow 4.5 percent in 2026",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Economy",
        "summary": "Asia is expected to remain the world's primary growth engine, with its economy projected to expand by 4.5 percent in 2026, according to a report from the Boao Forum for Asia. The region's share of global GDP is set to rise to 49.7 percent, bolstered by strengthening intra-regional trade integration and leadership from China and ASEAN in attracting foreign direct investment. Additionally, Asia is emerging as a global leader in artificial intelligence development, shifting from followers to pioneers in the field.",
        "content": "<p>Boao (ANTARA) - Asia remains the world\u2019s primary growth engine, with\nits economy expected to grow by 4.5 percent in 2026, according to a\nreport released by the Boao Forum for Asia (BFA) on Tuesday (24\/3).\nAsia\u2019s share of global gross domestic product (GDP) is projected to\ncontinue increasing, rising from 49.2 percent in 2025 to 49.7 percent in\n2026 based on purchasing power parity, according to the report titled\n\u201cAsian Economic Outlook and Integration Progress Annual Report 2026\u201d.\nThe foundations of Asia\u2019s trade integration continue to strengthen, the\nreport states, citing data that intra-regional trade dependence rose\nslightly from 56.3 percent in 2023 to 57.2 percent in 2024, as major\neconomies in the region further reinforce their trade ties with one\nanother. \u201cChina and ASEAN continue to stand out as the two \u2018pillars of\nstability\u2019 in this region,\u201d the report states. Asia-Pacific economies\nare increasingly shifting from individual integration into global value\nchains towards a model of shared regional integration, with many of them\nadvancing to higher levels in value chains thanks to intra-regional\nsupport, the report continues. The region also continues to be the\nworld\u2019s primary destination for foreign direct investment (FDI),\nrecognised for its resilience, growth potential, and long-term appeal to\nglobal investors, with China and ASEAN leading as the most attractive\ndestinations, the report explains. In the field of technology, the\nreport mentions that the global centre for artificial intelligence (AI)\ndevelopment is gradually shifting from Europe and the United States (US)\ntowards Asia. \u201cBy leveraging a large digital population, diverse\napplication ecosystems, and coherent policy frameworks, Asian economies\nare rapidly evolving from mere AI followers to pioneers,\u201d the report\nstates. Established in 2001, the BFA is a non-governmental and\nnon-profit international organisation committed to promoting regional\neconomic integration and bringing Asian countries closer to their\ndevelopment goals. Taking place from 24 to 27 March, this year\u2019s\nconference carries the theme \u201cShaping a Shared Future: New Dynamics, New\nOpportunities, New Cooperation\u201d.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/report-asias-economy-projected-to-grow-4-5-percent-in-2026-1774450286",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}