ADB draft report says 3B Asians could become affluent by 2050; significant challenges
Green Car Congress
MAY 5, 2011
If these events occur, Asia would account for only 32%, or $61 trillion, of global GDP in 2050. The alternative scenario assumes that Asia’s fast-growing economies—the PRC, India, Indonesia, and Viet Nam—will fall into the middle income trap of slowing growth rates and stagnating income levels over the next 5 to 10 years.
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