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ASEAN highlighted in Global Trade Growth Atlas 2022

ASEAN highlighted in Global Trade Growth Atlas 2022

13 Sept 09:43 Key points summarised by AI
  • The Global Trade Growth Atlas 2022 forecasts ASEAN to lead the world in export growth over the next five years, putting the region in the global spotlight.
  • Emerging economies, especially in Southeast and South Asia (including the Philippines, Malaysia, India, Vietnam, and Thailand), are projected to generate 45% of global trade growth between 2021 and 2026, demonstrating remarkable speed and scale.
  • The report emphasizes trade's critical role in combating inflation and supply disruptions, acting as a driving force to accelerate growth, lower prices, and diversify key input sources globally.
  • Trade volume, speed, and footprints have expanded, with emerging economies increasingly excelling in sophisticated goods and showcasing greater innovation and digital connectivity.
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