Asia To Lead Global Growth For Next 20 Years, Says Research Expert

KUALA LUMPUR, Nov 1 (Bernama) -- Asia is expected to lead global growth for the next 20 years, supported by industrial revolution, intra-regional trade and growing population, says Standard Chartered Head of Research, West, Marios Maratheftis. “We think Asia is leading growth right now, but this is not a temporary phenomenon, Asia leading growth will continue for a number of years, for at least for the next two decades,” he told reporters on the sidelines of the “First Asian Central Bank’s Watchers Conference” here on Tuesday. Maratheftis said although China was the global dynamo, the rest of Asia would play a significant role, with India probably outgrowing China in the next 20 years. “We're already seeing Indonesia performing extremely well, Singapore and Malaysia are open economies and will benefit from any increases in global trade and global economic growth,” said Maratheftis, one of the conference speakers. Asked on Malaysia’s position in the next 20 years between China and India, he said: “Malaysia is already a very respectable and significant global financial centre and it’s already one of the world's exporting economies. "So, Malaysia is well positioned in terms of infrastructures, to benefit immensely from this global economic super cycle," he added. -- BERNAMA