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ADB draft report says 3B Asians could become affluent by 2050; significant challenges

Green Car Congress

The draft report says that as the global economy’s center of gravity shifts toward Asia, the region could account for about half of global output in 2050, up from the current 27%, as well as half of global trade and investment. In the more optimistic Asian Century scenario, the region’s gross domestic product (GDP) would soar to $148 trillion and account for 51% of global output in 2050.

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