Boao Report: Asia's economic growth expected to reach 4.5% this year

The report was released during the Boao Forum for Asia (BFA) 2025 Annual Conference, which opened on the same day in Boao, Hainan, southern China.

The report predicts that Asia’s real GDP growth will reach 4.5% in 2025 and that Asia will continue to be the main driver of the world economy. According to the report, in purchasing power parity terms, the share of total GDP of Asian economies in the world’s total economic output is expected to increase from 48.1% in 2024 to 48.6% in 2025.

Mr. Zhang Jun, Secretary General of the Boao Forum for Asia, announced and presented the "Annual Report on Asian Economic Outlook and Integration Progress 2025". Photo: Chinanews

Economies including China, India, Vietnam, the Philippines, Mongolia, Cambodia and Indonesia will maintain relatively high growth rates above 5 percent, the report said.

The report predicts that inflation in Asia will continue to decline, with East Asia and South Asia generally improving, while some economies in Central and West Asia, such as Palestine, Türkiye and Iran, will still face significant inflationary pressures.

According to the report, Asia’s trade and investment will be under pressure overall, but there are bright spots. The centrality of ASEAN and China in Asia’s merchandise trade remains solid.

In terms of investment, the global dependence of foreign investment on Asian economies has increased in fluctuation, reaching about 60% in recent years, with China and ASEAN remaining the most attractive Asian economies for foreign investment.

In terms of innovation, Asia is far ahead of other regions in terms of R&D investment intensity and patent applications, increasingly becoming a global leader in technological innovation. Asia is now at the forefront of the new industrial revolution.

The report also said that despite facing many challenges, Asian economies, especially China and ASEAN, continue to demonstrate strong resilience, continuing to lead the world in economic growth, trade, innovation, sustainable development, regional economic integration, etc., while nurturing new potential and development space.

New-generation trade agreements such as the Regional Comprehensive Economic Partnership (RCEP), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Digital Economic Partnership Agreement (DEPA) have made steady progress.

According to the report, Asia has become the main pillar of the global value chain as China remains at the center of the global manufacturing value chain and ASEAN has significantly enhanced its position in the global value chain, while India is increasingly integrated into Asia's regional value chain.

Source: https://vov.vn/kinh-te/bao-cao-bac-ngao-tang-truong-kinh-te-chau-a-du-kien-dat-45-trong-nam-nay-post1163779.vov