Asia’s economy



Asia is known as the biggest continent in the world. However, most populous countries in Asia are positioned to be among world’s largest economies. It is estimated that Pakistan is set to become the world’s biggest economy by 2040 based on its predicted Gross Domestic Product ( GDP) rank which currently at 39th position, according to US Intelligence Report which is reported every four years. In 2020, China and other developing countries have contributed 18 percent and 7 percent to Global GDP. The reported also stated that if Asian countries continue promotion of economy they would be the most populous countries in 2040. If we discuss about Pakistan’s economy it is actually went all wrong due to bad acts and the effect of coronavirus. Since Covid-19 has shaken long-held assumptions but Asia is developing economically. I hope the efforts of all Asian authorities would remain so good in future.