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On October 22, U.S. local time, the International Monetary Fund (IMF) released the latest edition of the World Economic Outlook report. The report states that despite the deflationary process, the global economy has maintained an exceptionally strong resilience, with an expected growth rate of 3.2% for 2024 and 2025.<\/p>\n\n\n\n
In terms of emerging markets, Asian emerging economies have shown strong growth momentum, particularly led by countries like China and India, where demand in the fields of artificial intelligence and electronic products has surged. However, the growth outlook for the Middle East, Central Asia, and sub-Saharan Africa has been overshadowed by multiple factors such as disruptions in commodity supply chains, conflicts, and extreme weather.<\/p>\n\n\n\n
The IMF predicts that global economic growth will maintain around 3.1% over the next five years, a rate that does not show significant advantages compared to pre-pandemic levels. Structural issues such as slow productivity growth and an aging population continue to suppress the growth potential of the global economy.<\/p>\n\n\n\n
On November 11, representatives from various countries in Central Asia and ASEAN participated in an important international cooperation forum in Guangzhou. The delegations in attendance discussed and exchanged ideas with Chinese entrepreneurs on topics such as \u201cmore possibilities for international cooperation under the new economic situation\u201d and regional economic integration. Mr. Qiao Junjian, President of the Belt and Road International Trade Association, expressed his views on multilateral cooperation, stating that: “The colder the economy gets, the more businesses need to unite, and the more governments and enterprises need to collaborate. Only through cooperation can we gather greater strength to seek breakthroughs.” Mr. Feng Tao, Director of the Thai Parliament, shared insights on the development of Southeast Asian economies, highlighting “new trends in economic development in Southeast Asia and opportunities for expanding regional cooperation.” Mr. Feng believes that: “The digital economy and AI are new growth points and the future. For any government and enterprise, it is essential to keep pace with this trend; it’s never too late to start.”<\/p>\n\n\n\n
Dr. Zhang, Secretary-General of the Belt and Road International Trade Association, delivered a keynote speech on “The Dilemmas and Choices of Enterprises Going Overseas” at the forum, introducing FUNBAY’s overseas solutions. He emphasized that while new markets certainly have significant attraction and opportunities for enterprises, the potential risks are what companies should consider first. By utilizing FUNBAY’s online tools and overseas teams, risks can be mitigated, allowing for a stable entry into unfamiliar international markets.<\/p>\n\n\n\n
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