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Backdrop and outlook of Asia economy:Still leading global growth Asia's position as the growth engine of the world economy has intensified in recent years. While in 2000 the region accounted for less than 30 percent of world output, by 2014 this contribution had risen to almost 40 percent. Moreover, Asia accounted for nearly two-thirds of global growth last year. Developments in the region are therefore central to the global economic outlook and for formulating policies around the world.
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