Asia Remains Key Driver of Global Economic Growth, New Report Indicates

Kathmandu. A new report shows that Asia remains the primary driver of global economic growth. According to the report released on Tuesday, Asia's share of the world's Gross Domestic Product continues to rise.

The 'Asian Economic Outlook and Integration Progress Annual Report 2026' estimates that the Asian economy will grow by 4.5 percent in 2026. Asia's share in the world economy is expected to increase from 49.2 percent in 2025 to 49.7 percent.

The organization's Secretary-General, Zhang Jun, stated that the notion of an 'Asian Century' is gaining strength. He noted that despite challenges, the Asian economy is resilient and moving in a positive direction.

The organization, established in 2001, is a non-governmental, non-profit international body that promotes regional economic integration. This year's conference is being held in Hainan from March 24 to 27 under the theme 'Building a Community with a Shared Future: New Dynamics, New Opportunities, New Cooperation.'

According to the report, Asia remains a prime destination for foreign investment, with China and the Association of Southeast Asian Nations (ASEAN) emerging as the most attractive centers.

Asia is also rapidly advancing in the technology sector. It is noted that the center for Artificial Intelligence development is gradually shifting from Europe and America towards Asia. Asian countries are becoming leaders in this area due to their large digital population, diverse application systems, and clear policies.

Furthermore, Asia is emerging as a significant force towards sustainable development. The report indicates that Asia, traditionally a large consumer of conventional energy, is now becoming a leader in the development of clean and green energy.

Improvements are also seen in regional trade. Intra-Asia trade dependence increased from 56.3 percent in 2023 to 57.2 percent in 2024, signaling strengthening regional economic integration.

According to experts, Asia is moving towards becoming the main driver of global service trade. Investment in digital infrastructure, demand from large markets, and regional cooperation are accelerating this transformation.

Meanwhile, the 'China Year' also falls this year. China will host the 33rd Economic Leaders' Meeting in November under the theme 'Building an Asia-Pacific Community for Shared Prosperity.'