The Rise of Asia
Within Asia, broader recovery is becoming more likely as vaccines make progress. Despite political risks, the policy remains generally supportive.
Growth in Asian GDP is much lower than a decade ago, as China is slowing down and global trade faces structural hurdles. But at the same time, China’s slowdown from 2010 to 2019 has entered a more stable stage.
Asian growth has broadly become more domestic demand focused and less sensitive to exports.