Emerging Asia is set to play an increasingly important role in the global economy over the coming decades. According to our latest Long Run Outlook, seven of the world’s 20 largest economies will be in Emerging Asia in 2050, up from just four at present. The region’s share of global GDP will increase to 40% by 2050, up from 29% now.
Meanwhile, the main focus of Malaysia’s budget (on Friday), will be the steps the government can take to bring down the high level of government debt. There is also a key monetary policy rate meeting in Korea (Thursday) to look forward to. We are expecting the central bank to bring its tightening cycle to a close by leaving rates unchanged at 3.5%.
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