Emerging Asia to spearhead global economic growth in 2023-24: Swiss Re
Emerging Asia, including China, India, Thailand, Indonesia, and Malaysia, is expected to drive global economic growth, with a 5.4 per cent increase projected for 2023-24, according to Swiss Re Institute's sigma report. This surge is largely linked to the recovery in demand following the reopening of China's economy. Notably, China is forecast to be among the handful of nations to witness stronger growth this year than in 2022, as per the report.