The biggest growth drivers of Asia's economy in 2025
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According to the International Monetary Fund (IMF), global growth will be 3.3% in 2025, with Asia expected to be a key growth driver.
China tops Asia's economic charts, with Japan and India following closely. Together, these three nations command a substantial 66.2% share of the continent’s economy. South Korea and Indonesia round out the top five, while the leading eight economies collectively account for 82% of Asia's total economic output. Conversely, Timor-Leste represents the smallest economy in the region.
Vietnam's GDP growth rate was projected to exceed 7% by the end of 2024, with an ambitious target of 8% GDP growth in 2025. This growth positions Vietnam among the top 15 largest economies in Asia. However, the country's Inflationary pressures are forecasted to be around 3.5%.
The outfit also forecasts that the ongoing trade tensions between major economies like the USA, Canada, the UK and Mexico may impact Asia's export-driven economies.
Asia's biggest economies are expected to drive growth in 2025, with emerging economies like Vietnam and Indonesia playing increasingly important roles.