Asia's Economic Surge: Boao Forum 2023 Unveils Growth Forecasts

The Boao Forum annual report forecasts Asia's weighted real GDP growth rate to hit 4.5% this year. The international summit, often dubbed as Asia's Davos, is taking place in China's Hainan province, highlighting the region's economic resilience and prospects amidst global economic challenges and uncertainties.

The Boao Forum for Asia has projected a robust economic growth for the region, with 4.5% GDP growth anticipated for this year, according to its latest annual report.

The forum, widely regarded as the Asian counterpart to the World Economic Forum in Davos, is currently underway in Hainan province, China.

This meeting gathers global leaders and experts to discuss the economic trajectory and resilience of Asia amidst worldwide challenges.

(With inputs from agencies.)