Asia's share of the global economy is expected to reach half by 2025.

Professor Sachs, American Economist: The share of Asian economy in the global economy will reach 50% by 2025

On Wednesday (October 29), renowned American economist Sachs, in his keynote speech at the Sixth Distinguished Scholars Public Lecture hosted by the Singapore Economic Society, first pointed out that the share of the Asian economy in the global economy has increased by 20 percentage points over the past 30 years, reaching about 50% by 2025, and the significant gap in per capita income between Asian countries and developed Western economies has also narrowed considerably. The United States must accept that it is no longer the sole superpower in a multipolar world.

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