
{"id":64873,"date":"2024-11-06T00:18:59","date_gmt":"2024-11-06T00:18:59","guid":{"rendered":"https:\/\/sms-bridges.com\/staging\/from-tradition-to-innovation-the-evolving-japan-switzerland-partnership-copy\/"},"modified":"2024-11-12T05:13:22","modified_gmt":"2024-11-12T05:13:22","slug":"asias-next-economic-boom-whats-driving-growth-in-2024","status":"publish","type":"post","link":"https:\/\/sms-bridges.com\/staging\/asias-next-economic-boom-whats-driving-growth-in-2024\/","title":{"rendered":"Asia\u2019s Next Economic Boom: What\u2019s Driving Growth in 2024?"},"content":{"rendered":"\n<p>At the 2023 Asia Real Estate Summit, Sumana Rajarethnam, Director of South-East Asia at the Economist Intelligence Corporate Network, delivered an insightful keynote on Asia&#8217;s evolving economic landscape. Despite a slowing China, Asia is expected to remain the world&#8217;s primary growth driver in 2024, with South-East Asia (SEA) emerging as a key green industry hub. The shift of global value chains away from China has elevated SEA\u2019s profile, especially in sectors like battery production and electric vehicle (EV) components.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/bit.ly\/ares-01\" target=\"_blank\" rel=\"noreferrer noopener\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2024\/11\/ARES-2024-Sumana-Rajarethnam-photo.jpg\" alt=\"\" class=\"wp-image-64878\" srcset=\"https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2024\/11\/ARES-2024-Sumana-Rajarethnam-photo.jpg 1920w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2024\/11\/ARES-2024-Sumana-Rajarethnam-photo-300x169.jpg 300w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2024\/11\/ARES-2024-Sumana-Rajarethnam-photo-1024x576.jpg 1024w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2024\/11\/ARES-2024-Sumana-Rajarethnam-photo-768x432.jpg 768w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2024\/11\/ARES-2024-Sumana-Rajarethnam-photo-1536x864.jpg 1536w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2024\/11\/ARES-2024-Sumana-Rajarethnam-photo-747x420.jpg 747w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2024\/11\/ARES-2024-Sumana-Rajarethnam-photo-1493x840.jpg 1493w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2024\/11\/ARES-2024-Sumana-Rajarethnam-photo-150x84.jpg 150w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2024\/11\/ARES-2024-Sumana-Rajarethnam-photo-600x338.jpg 600w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2024\/11\/ARES-2024-Sumana-Rajarethnam-photo-696x392.jpg 696w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2024\/11\/ARES-2024-Sumana-Rajarethnam-photo-1392x783.jpg 1392w, https:\/\/sms-bridges.com\/staging\/wp-content\/uploads\/2024\/11\/ARES-2024-Sumana-Rajarethnam-photo-1068x601.jpg 1068w\" sizes=\"(max-width: 1920px) 100vw, 1920px\" \/><\/a><\/figure>\n\n\n\n<p>Rajarethnam emphasized the rise of Asia\u2019s middle class, which is transforming consumption patterns and increasing demand for modern financial services and international consumer goods. ASEAN nations, in particular, are poised for rapid growth, driven by a young, tech-savvy population and increasing digitalization.<\/p>\n\n\n\n<p>With elections taking place in countries that house over half the world\u2019s population, global democratic trends will also come into focus. Meanwhile, the rise of generative AI, such as ChatGPT, is revolutionizing service operations, improving productivity, and cutting costs across industries.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><a href=\"https:\/\/bit.ly\/ares-01\" target=\"_blank\" rel=\"noreferrer noopener\">Sumana Rajarethnam, Director of South-East Asia at the Economist Intelligence Corporate Network, delivered an insightful keynote on Asia&#8217;s evolving economic landscape.<\/a><\/p>\n<\/blockquote>\n\n\n\n<p>As the clean-energy transition reshapes global power dynamics, SEA\u2019s strategic role in green industries signals that the region will remain influential in the shifting energy market. Though Asia&#8217;s future presents challenges, it is filled with opportunities for those who invest wisely.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong><a href=\"https:\/\/bit.ly\/ares-01\" target=\"_blank\" rel=\"noreferrer noopener\">Curious about which Asian nations are set to lead the charge in economic growth? Find out here!<\/a><\/strong><\/p>\n\n\n\n<p class=\"has-text-align-center\">Want to attend ARES 2024? <a href=\"https:\/\/www.zipeventapp.com\/e\/ares2024\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Register here<\/strong><\/a>.<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>At the 2023 Asia Real Estate Summit, Sumana Rajarethnam, Director of South-East Asia at the Economist Intelligence Corporate Network, delivered an insightful keynote on Asia&#8217;s evolving economic landscape. Despite a slowing China, Asia is expected to remain the world&#8217;s primary growth driver in 2024, with South-East Asia (SEA) emerging as a key green industry hub. [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":64885,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"categories":[870,872],"tags":[871],"class_list":{"0":"post-64873","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ares-2024","8":"category-keynote-speakers","9":"tag-ares-2024"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Asia\u2019s Next Economic Boom: What\u2019s Driving Growth in 2024? - Bridges Magazine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sms-bridges.com\/staging\/asias-next-economic-boom-whats-driving-growth-in-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asia\u2019s Next Economic Boom: What\u2019s Driving Growth in 2024? - Bridges Magazine\" \/>\n<meta property=\"og:description\" content=\"At the 2023 Asia Real Estate Summit, Sumana Rajarethnam, Director of South-East Asia at the Economist Intelligence Corporate Network, delivered an insightful keynote on Asia&#8217;s evolving economic landscape. 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