ASIA remains the world’s primary growth engine, with its economy forecast to expand by 4.5 per cent in 2026, according to a report released by the Boao Forum for Asia (BFA) on Tuesday.
Asia’s share of global GDP is projected to continue its upward trajectory, rising from 49.2 per cent in 2025 to 49.7 per cent in 2026 on a purchasing power parity basis, according to the report titled “Asian Economic Outlook and Integration Progress Annual Report 2026.”
The foundations of Asian trade integration have continued to strengthen, the report noted, citing data that intra-regional trade dependence edged up from 56.3 per cent in 2023 to 57.2 per cent in 2024, as major economies across the region increasingly orient their trade ties toward one another.
“China and ASEAN continue to stand out as the region’s twin ‘anchors of stability’,” the report pointed out. Asia-Pacific economies are increasingly transitioning from individual integration into global value chains towards a model of shared regional integration, with many advancing up the value chain ladder buoyed by support from within the region, it said.
Xinhua
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