Asia’s economies can embrace services in order to boost growth and productivity, according to an update from the International Monetary Fund (IMF). The latest report from the IMF noted that manufacturing has been the engine of growth in Asia, but a transition to “modern, tradable services” could be a new and potentially more viable source of “growth and productivity.” The research report from the IMF also noted that the Asia-Pacific region prospered by becoming the
Asia’s Financial Services focused Labor Productivity, Digital Technology Adoption Leading to Economic Shift
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