
According to the “Growth in the New Economy: Towards a Blueprint” report released by the World Economic Forum (WEF), the global economy is projected to expand by $56 trillion over the next 5 years. Asia is set to remain the primary engine of global expansion, contributing more than 50% of the total growth.
Middle-income economies are projected to contribute 65% of the cumulative Gross Domestic Product (GDP) growth between 2025 and 2030. The report further states that low-income economies will account for only about 1% of global growth.
