Asia-Pacific sees real salary growth, but challenges ahead in 2024

CNBC April 1, 2024, 10:00 AM UTC

Summary: In 2023, Asia-Pacific is the only region with real salary growth due to inflation. Developing East Asia and Pacific outpaces global growth, but 2024 may see slower growth due to challenges in China and policy uncertainty. The region's growth is expected to ease to 4.5% in 2024 from 5.1% in 2023, with a population of over 2.1 billion. Excluding China, growth is predicted to reach 4.6% this year.

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    Asian economies to slow to 4.5% growth in 2024 (The Associated Press)
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