Half of the world's GDP will be from Asia in 2050!

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The latest projections from Asian Development Bank (ADN) shows yet more good news for Asia in the coming future. It is projected that the GDP will increase from US$10 trillion now to around US$174 trillion in 2050 which is a huge increase and this would account for around 50% of the global GDP. "By nearly doubling its share of GDP to 52% by 2050, Asia would regain the dominant economic position it held some 300 years ago, before the industrial revolution," the bank said. Since the big economic crisis occurred which rippled through the whole America and Europe, Asia has quietly gone about its business as normal and now has become a major power in the world now. The region also is not relying on its laurels, the governments are taking measure to make sure the region continues to grow and that is why these projections make perfect sense. There have been many free trade agreements between nations, like China, India, South East Asia, Australia and the Pacific Islands. Many talks are in place to make it a more collective region and it is going to grow from strength to strength.

Source: http://www.bbc.co.uk

Image: LuMaxArt
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