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The future of the global economy lies in Asian demand

Service sector will prosper as middle-class consumption rises

| Southeast Asia
Bangkok shoppers in June 2020: These new consumers are buying Asian-made goods.   © Sipa/AP

Surendra Rosha is co-chief executive of HSBC Asia-Pacific.

As the global economy flirts with potential recession, the changing shape of the Asian economy offers prospects for long-term organic growth driven by new consumers and opportunities in the services industry.

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