Asian Economy
The Economy of Asia comprises more than 4.4 billion people (60% of the world population) living in 49 different Countries. Asia is the fastest growing economic region and the largest continental economy by GDP PPP in the world. China and India are currently the first and third largest economies in the world, respectively. Moreover, Asia is the site of some of the world's longest modern economic booms. In 2013, in a once-in-a-decade party leadership reshuffle in China the Chinese economy experienced a significant slowdown in the GDP growth, slowing down from the unprecedented decades of 9-10% annual growth to around 7-8%, which has significant effect in some developing economies, particularly in Southeast Asia and India.While global economic powers China, Japan, India, and South Korea continue powering through, and Indonesia, Malaysia, Philippines, Thailand, Vietnam, Bangladesh and Sri Lanka have entered the path to long-term growth, regions right next to these countries are i...