Asia will produce more than half of global growth this decade, but not evenly. Our economists see five forces that will decide which markets pull ahead.
- Supply-chain shifts are moving manufacturing to South and Southeast Asia.
- Demographics favour younger markets such as Bangladesh, Vietnam and the Philippines.
- Digital trade lets small firms sell across borders.
- Energy security and the transition reshape investment.
- Capital follows stable rules and open markets.
What this means for business
Companies should plan for several growth centres, not one, and build the partnerships and talent to move quickly when a market opens.