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With nearly 60 percent of the global population and still growing, it’s no surprise that Asia’s growth continues to surpass that of other regions. In 2015, for example, the economies of China and India grew at 6.9 percent and 7.6 percent, respectively, relative to 2.2 percent for the United Kingdom and 2.6 percent for the United States. While forecasters have warned that Asia’s growth will likely taper in the next few years, they note that the region’s robust domestic consumption, buoyed by growing middle classes and strong labor markets, could compensate for reduced momentum of international financial markets.
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