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Asia continues to be world’s fastest-growing region through 2030

The global economy is continuing its gradual recovery from the financial crisis. However, Asia is seen maintaining its position in the long term as the fastest-growing region, with China and India
leading the charge.

The Organization for Economic Cooperation and Development’s (OECD) latest Economic Outlook report suggests fiscal and monetary stimulus has underpinned a synchronised improvement in growth rates across most countries. The Paris-based organisation forecasts a 3.6 percent global expansion in 2017, rising to 3.7 percent in 2018, albeit still below the pre-crisis period and that of past recoveries.

For the Asia Pacific region, the OECD projected further expansion for the region’s largest economies. China is expected to post a 6.8 percent rise in 2017, although easing to 6.6 percent in 2018 and 6.4 percent in 2019 as the authorities “rebalance” the growth model for the world’s second-largest economy.

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