Reference News Network, February 20 report: Australia's "Pearl and Spice" website published an article titled "Global Growth in 2026 Will Be Mainly Driven by Asia" on February 16. The author is John Quigley, the following is a compilation:

In 2026, China and India will account for more than 40% of global GDP growth, and the Asia-Pacific region will account for nearly 60%. These figures confirm the long-term shift in economic power, which Australian politicians and media have yet to recognize.

Predictions suggest that in 2026, China and India combined will account for 43.6% of the global GDP increase, clearly indicating how rapidly our world is changing. As a whole, the Asia-Pacific region will contribute nearly 60% of the total global GDP increase.

These percentages are inferred by the "Capital Visual" website based on data from the International Monetary Fund.

Although China's economic growth rate has slowed compared to the past few decades, its massive economic scale will still make it the largest single driver of global growth. China will account for 26.6% of global GDP growth, driving more than a quarter of the growth.

India follows China closely, contributing 17% of global economic growth.

It is expected that the US economy will grow by 2.1%, contributing only 9.9% to global growth.

Indonesia will contribute 3.8% to global growth.

The remaining major contributors to growth will be Turkey, Saudi Arabia, Egypt, Vietnam, Brazil, and Nigeria. This list is undoubtedly shocking for many, as it does not include other Western countries except the United States.

To find the first other Western country, we need to look down to the 15th and 16th positions, where Germany and the UK will each contribute 0.9% to the growing world economy. They are outside the top ten, behind Bangladesh, the Philippines, Russia, and Poland. Australia ranks 29th, and is expected to contribute 0.6% to global growth.

It is estimated that Europe will contribute 9.5% to global growth, driven mainly by Germany, France, Italy, Spain, and other economies. Slowing population growth, rising energy costs, and an aging population will continue to severely affect European economic expansion.

Together, the US and the EU, these two Western growth engines, will account for only 16% of the total global growth, highlighting the continued eastward shift of economic power, especially towards emerging markets.

From a regional perspective, the Asia-Pacific region dominates the expected global growth with a share of 59.4%, with Indonesia, Vietnam, the Philippines, and other economies playing important roles in addition to China and India, which play a leading role. This number indeed seems shocking, but it indicates that this region is once again becoming the engine of the world economy, which it played for most of the past two millennia, except for the past two centuries—during which Western powers, led by Britain, drained these economies, especially India.

North America will contribute 11.4% of global growth, followed by Europe. Africa has the majority of the fastest-growing economies (although the base is very low), and with Nigeria, Egypt, and Ethiopia leading, Africa will contribute 7.7% of growth. The Middle East will contribute 6.4% to global growth, while South America and Central America will contribute 4.4%.

Asia has clearly become the core of the world economy. China currently accounts for 14.6% of global exports, far exceeding the US's 8.4%. China's growth rate was 6% last year, while the US's growth rate was 2%.

From 2000 to 2025, China's dominant position in global trade has sharply increased, partly displacing the US and the EU. China is now the main trading partner of 120 countries, and with the US closing its doors under Trump, its dominant position is expected to further strengthen.

Projections show that by 2040, four of the seven largest economies in the world will be in Asia: China, India, Japan, and Indonesia.

Evidently, this should all be good news for Australia, as Asia will continue to drive economic growth. All we need to do is buy a map book for every politician and give our short-sighted mainstream traditional media a lesson. (Translated by Ge Xuele)

Original: toutiao.com/article/7608833613807518248/

Statement: This article represents the views of the author himself.