Asian countries are expected to be the main drivers of global growth through the next decade, with growth rates at around 7 percent, but China is not on the list.
Five of the seven rapidly growing economies will be in Asia, the bank’s analysts, Global Chief Economist David Mann and India-based head of thematic research Madhur Jha have concluded, according to Bloomberg, citing their research.
The list includes India, Bangladesh, Vietnam, Myanmar, and the Philippines, while the two remaining countries in the club are in Africa – Ethiopia and Cote d’Ivoire.
Read more at - Asian economies to take over ‘7% Growth Club’ in 2020s
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