Asian economies set to dominate 7% growth club during 2020s

The 2020s are set to be the Asian decade, with the continent dominating an exclusive list of economies expected to sustain growth rates of around 7%.

India, Bangladesh, Vietnam, Myanmar and the Philippines should all meet that benchmark, according to a research note Sunday from Standard Chartered Bank. Ethiopia and CAte d'Ivoire are also likely to reach the 7% growth pace, which typically means a doubling of gross domestic product every 10 years. That'll be a boon to per-capita incomes, with Vietnam's soaring to 10,400 USD in 2030 from about 2,500 USD last year, they estimate.

Source: VOV5