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Economy

ASEAN GDP to exceed Japan's by 2030: IHS Markit economist

Forum panelists agreed that further reforms in ASEAN will help boost its position as the growth driver of the global economy.

SINGAPORE -- The combined gross domestic product of the Association of Southeast Asian Nations is expected to reach $8 trillion by 2030, higher than that of Japan, an IHS Markit economist said at a seminar here Thursday.

Rajiv Biswas, an IHS Markit senior director and its chief Asia-Pacific economist, was among the speakers at the Asia Economic Forum, a discussion organized by the U.K.-based economic research and analytics company and Nikkei.

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