Oliver Camponovo: The following Century will belong to Asia
published: 29 November 2021
That a region that in 2000 only represented a third of world GDP in purchasing power parity terms has changed dramatically. According to a McKinsey study, Asia might control up to half of the global GDP by 2040.
According to a separate estimate, Asian consumers will account for about half of global consumption growth over the next decade. Asia is predicted to have half of all upper-middle-income families and half of all international transactions.
Why is Asia leading the next chapter of globalization? Which industries will be the most dynamic in the future years?
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