ASEAN and India focus of global growth for next decade

India will have more population than China in 2022 and ASEAN (Ten Southeast Asian countries) has more population than Europe.

India and ASEAN will both have nominal GDP between France and Germany from 2019 to 2023.

ASEAN and India should overtake Germany in 2024. They should both be passing Japan in 2026.

Myanmar and Vietnam could be both be growing at about 7% GDP growth per year over the next ten years. The Philippines could also maintain growth at or near those levels.

Vietnam is expected to ride on an upward momentum thanks to a strong manufacturing sector from multinational companies moving away from China and relocating in major Vietnamese cities.

China’s Belt and Road will also boost investment and infrastructure.

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